Chambal Fertilizers Makes Recovery
During early trading hours, Chambal Fertilisers and Chemicals touched the level of Rs 44.20, up Rs 1.30, or 3.03%. The stock price had gone up to Rs 44.20. But, with the decline in the stock market, it had an intraday low of Rs 42.60.
The stock had trading volumes of 106,958 shares. Yesterday the share closed weak after shedding 4.35% or Rs 1.95 at Rs 42.9.
The group’s prime activities are to manufacture and distribute fertilizer, textiles, food processing and software. It functions in four different segments: Own manufactured fertilisers, Phosphoric Acid, Trading and Other.
The other arms comprise the software, yarn and food processing, housing finance and horticulture technology activities. The company’s fertilizer plant is situated in Rajasthan; textile mills in Himachal Pradesh and its Software Development Centre in Mumbai.