Gaurav Bissa of LKP Securities is of the view that one may look at Larsen & Toubro at around Rs 1,730-1,740 and feels that the stock may test Rs 2000-2100.
The company imports around 15-20 percent of LNG that is used, said CMD of Rashtriya Chemicals and Fertilisers.
Shares of Rashtriya Chemicals and Fertilizers surged 10.26 percent, National Fertilizers (9.26 percent), Chambal Fertilisers & Chemicals (5.57 percent) and Gujarat State Fertilizers & Chemicals (4.63 percent) on the BSE.
The government currently holds 89.93 percent stake in the state-run trading giant and the stake sale would help the company meet Sebi's minimum public shareholding norm. Market regulator Sebi has made it mandatory to have a minimum public holding of 25 percent in all PSUs.
Brokerage house Firstcall Research is bullish on Rashtriya Chemicals and Fertilisers and has recommended buy rating on the stock with a target price of Rs 75 in its research report dated April 06, 2015.
Investors lapped up shares of fertiliser companies on Wednesday after the Union Cabinet yesterday approved gas pooling for 30 urea manufacturing units in the country. Fertiliser stocks rallied 3-14 percent intraday today.
Coal India | Adani Enterprises | Sun Pharma | Mangalore Chemicals | Reliance Industries | Philips India | JSW Steel | GMR Infra | GVK Power | Clariant Chemicals | Pipavav Defence | Kalpataru Power | Jaiprakash Power | Rashtriya Chemicals | HCL Tech | Biocon | eClerx Services | Gammon Infra and Bajaj Auto are stocks, which are in the news today.
HDFC | Jet Airways | RCF | Wipro | Infosys | L&T | REC | DLF | ITC | JSW Steel | Ansal Housing | McNally Bharat | Zen Technologies | eClerx Services | Bharti Infratel | SBI | Blue Star | Fortis Healthcare and TNPL are stocks, which are in the news today.
According to sources, India is planning to set up a urea joint venture plant at Chahbahar in Iran, using natural gas as feedstock which is abundant in the country, with an estimated investment of Rs 5,000 crore.
Fertiliser stocks like Chambal Fertiliser, FACT, National Fertiliser, RCF and GSFC gained 2-3 percent ahead of Union Budget 2015-16.
The government was widely expected to deregulate urea prices after freeing up diesel following a fall in crude prices, but two government sources said major changes were unlikely.
The government has also hiked freight rate by 6.3 percent for coal, 0.8 percent for iron & steel companies. However, freight rate is lowered by 1 percent for high speed diesel. The government is eyeing to rake in Rs 1.21 lakh crore in FY16 versus Rs 1.06 lakh crore in FY15.
Here are a few top buzzing midcap stocks picked by CNBC-TV18's analysts in trade today. We have Crompton Greaves, Aurobindo Pharma, Titagarh Wagons, Richa Industries, Videocon, Gujarat NRE Coke, SpiceJet, RCF and Kalpataru.
After power, the Oil Ministry has moved a proposal to pool or average out prices of domestic natural gas and imported LNG used by fertilizer plants to make the cost of fuel uniform and affordable.
The company's total income was up 40 percent at Rs 1,970 crore against Rs 1,407 crore.
The RCF led second JV, requiring an investment of Rs 6000 crore, will be responsible for setting up ammonia-urea, nitric acid-ammonium nitrate plants
CIL and GAIL along with Rashtriya Chemicals and Fertilizers (RCF) and Fertilizer Corp of India Ltd (FCIL) will set up the integrate coal gasification cum fertiliser and ammonium nitrate complex at Talcher in Odisha by 2019, Fertiliser Minister Ananth Kumar said after the four firms signed joint venture agreements.
The board of directors of Coal India Ltd (CIL) has given its in-principle approval for these JVs, the company said in a regulatory filing today.
Reliance Industries | Coal India | Tech Mahindra | ONGC | Bharti Airtel | SBI | Reliance Capital | Canara Bank | BHEL | BASF | DLF | NMDC | SAIL | SpiceJet | Power Finance Corporation | Rural Electrification Corporation | Sonata Software and Wyeth are stocks, which are in the news today.
Kerala cabinet has decided to waive off value added tax (VAT) on natural gas supplied to Fertilisers and Chemicals Travancore (FACT), raising the prospects of an immediate revival of the company,
Kunal Saraogi of Equityrush recommends buying JM Financial for a target price of Rs 48.50 and Indiabulls Real Estate for a target price of Rs 87.
Kunal Saraogi of Equityrush recommends buying Rashtriya Chemicals and Fertilisers for a target price of Rs 74 and Power Finance Corporation for a target price of Rs 315.
Discussing company results, Neeru Abrol, CMD, National Fertilisers, said the conversion of three units to gas-based plants helped in improving earnings and expects plants like Nangal, Panipat to see 100 percent utilisation in H2.
HDFC Bank | ONGC | DLF | RCF and MCX are stocks, which are in news today.
Here are a few top buzzing midcap stocks picked by CNBC-TV18's analysts in trade today. We have Jayaswal Neco, Arvind Remedies, Rashtriya Chemicals & Fertilizers (RCF), Tata Power, National Fertilizers (NFL) and Simplex Infrastructure.