Chambal Fertilisers moves north as promoter hikes stake

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FOREIGN FUNDS NET SELL RS.463.89 CR IN EQUITIES ON NOVEMBER 20 (PROV)
MUTUAL FUNDS NET SELL RS.176.7 CR IN EQUITIES ON NOVEMBER 19
DII'S NET BUY RS.18.46 CR IN EQUITIES ON NOVEMBER 20 (PROV)
TO ENTER INTO CUSTOMIZED MOTOR CYCLE BIZ VIA PRO-BIKING SHOWROOMS
TO EXPAND PANTNAGAR CAPACITY TO 70,000 UNITS IN NEXT FEW MONTHS
AKER IS A NORWEGIAN SERVICE PROVIDER CO FOR OIL AND GAS OPERATIONS
AKER SOLUTIONS TO PROVIDE SUPPORT SERVICES IN KG BASIN
AKER BAGGED SUB SEA PRODUCTION ORDER FROM RIL IN 2006 ALSO
RELIANCE IND PLACES RS.115 CR ORDER WITH NORWAY'S AKER SOLUTIONS
PORTING CHARGES TO BECOME APPLICABLE FROM DECEMBER 31, 2009
MNP ALLOWS USERS TO CHANGE OPERATORS WHILE RETAINING MOBILE NOS
USERS TO PAY MAX OF RS.19 TO CHANGE OPERATOR WHILE RETAINING OLD NUMBER
TRAI COMES OUT WITH NUMBER PORTABILITY CHARGES
PUNJAB NATIONAL BANK PLANS TO RAISE RS 700 CR BY SELLING BONDS
TATA TELE-QUIPPO OFFERING BETTER SERVICING DEAL FOR TOWERS: SOURCES
GTL BID 10-15% HIGHER THAN TATA-QUIPPO: SOURCES
DEAL VALUED AT AROUND RS.6000 CR : SOURCES
MAY JOIN RACE FOR SHELL'S EUROPEAN REFINERIES: SOURCES
SENSEX, NIFTY UP 1% EACH FOR THE WEEK
CNX MIDCAP INDEX UP 1%, BSE SMALLCAP INDEX UP 1.6%
METAL INDEX UP 3.7%, AUTO INDEX UP 2.3%, FMCG UP 1.5%
INDEX GAINERS: SUZLON UP 9.3%, TATA STEEL UP 6.3%, SAIL UP 5.3%
APPROACHED SHELL FOR BUYOUTS BEFORE ESSAR'S EXCLUSIVE TALKS BEGUN
ESSAR-SHELL IN EXCLUSIVE NEGOTIATIONS TILL NOV 30 TO BUY 3 SHELL REFINERIES
RIL SPOKESPERSON: 'WE ARE REVIEWING A NUMBER OF GLOBAL OPPORTUNITIES'
RIL SPOKESPERSON TO NDTV: 'REVIEWS CANNOT ASSURE TRANSACTIONS'
JSW ENERGY ALSO IN RACE FOR ANDREW YULE'S DPSC STAKE: NW
CESC, SREI INFRA IN RACE FOR ANDREW YULE'S DPSC STAKE: NW
GAMMON INFRA BAGS NHAI PROJECT WORTH RS.850 CRORES
NET PROFIT AT RS.48.2 CR VS RS.12 CR; SALES UP 55% AT RS.849 CR (YOY)

Updated: 04/11/2009 | 12:00 AM IST

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Capital Market

Wednesday, November 04, 2009 (New Delhi)

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The company made this announcement during trading hours today, 4 November 2009.

Meanwhile, the BSE Sensex was up 366.64 points, or 2.38%, to 15,771.58.

On BSE, 2.02 lakh shares were traded in the counter as against an average daily volume of 11.83 lakh shares in the past one quarter.

The stock hit a high of Rs 47.90 and a low of Rs 46.80 so far during the day. The stock had hit a 52-week high of Rs 75.60 on 12 June 2009 and a 52-week low of Rs 29.50 on 21 November 2008.

The mid-cap stock had underperformed the market over the past one month till 3 November 2009, falling 16.46% as compared to the Sensex's 10.09% fall. It had also underperformed the market in the past one quarter, falling 19.29% as compared to the Sensex's return of 3.26%.

The company's equity capital is Rs 416.21 crore. Face value per share is Rs 10.

The current price of Rs 47.50 discounts the company's Q2 September 2009 annualized EPS of Rs 6.21, by a PE multiple of 7.65.

Zuari Industries, a promoter group company, has hiked its stake Chambal Fertilizers & Chemicals to 13.48% from 13.47% after acquiring 60,000 shares from open market on 3 November 2009.

Total promoter shareholding in the company is 50.28% (as on 30 September 2009).

Chambal Fertilisers & Chemicals' net profit surged 35.8% to Rs 64.61 crore on 44.6% slump in net sales to Rs 957.48 crore in Q2 September 2009 over Q2 September 2008. The company declared its results on 21 October 2009.

Chambal Fertilisers & Chemicals caters to the northern and western regions of India and supplies urea to nine states. The company markets urea under the brand name, Uttam Veer.

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