Basant Agro Tech announces enhancement of subsidy by Government on Single super phosphate fertilizers

Basant Agro Tech India Ltd has announced that the Government has enhanced the subsidy on single super phosphate fertilizers by Rs 150/- per MT. The Company is the leading manufacturer of single super phosphate fertilizers in Maharashtra.

With this increase in subsidy there will be positive impact on its profitability of the Company. Moreover the Company has revised upward its production target of SSP fertilizers for the current year and now it will be able to expand its area of operation.

The Stock closed the day at Rs.52.80, down by Rs.2.10 or 3.83%. The stock hit an intraday high of Rs.56 and low of Rs.52.10. The total traded quantity was 8735 compared to 2 week average of 27299.

Source : Equity Bulls

Keywords