Nagarjuna Fertilizers and Chemicals Ltd had taken plant maintenance activities on July 4, 2018. The shutdown had to be extended due to inadequate working capital on account of Direct Benefit Transfer (DBT) and accumulated losses arising out of the earlier GAIL accident. The company is in the process of sorting out the working capital issues with the bankers to restart the plant.
Shares of Nagarjuna Fertilizers and Chemicals Ltd was last trading in BSE at Rs.12.49 as compared to the previous close of Rs. 13. The total number of shares traded during the day was 27464 in over 120 trades.
The stock hit an intraday high of Rs. 12.85 and intraday low of 12.36. The net turnover during the day was Rs. 345554.