Move marks revival of eight-year-pending stake sale in fertiliser PSUs; OFS could follow within a month of appointments if market conditions permit
Rashtriya Chemicals and Fertilizers (RCF) stock has surged around 40 percent, beating benchmark Nifty's returns of 12 percent during this period.
Shares of FACT and GSFC also witnessed profit booking and are trading down by 2 percent and 3 percent respectively.
The shares of National Fertilisers, RCF and Chambal Fertilisers however are seen trading with optimism ahead of the budget (interim) day up by 2.45 percent, 1.68 percent and 1.94 percent respectively.
Indian Equity Markets set for a muted start; risk aversion at play. Risk off sentiment ahead of key macro data from the US as well as India’s GDP due later this week to weigh. Stocks to watch out for Tuesday's trading session include Reliance Industries post AGM, Manappuram Finance after Court quashes ED case against promoter, RCF delay in OFS and PG Electroplast’s QIP amongst others. Join Nickey Mirchandani in a conversation with Osho Krishnan, Sr Analyst- Technical & Derivative Research, Angel One and Amit Jeswani, Founder of Stallion Asset.