AGRO Financial News

Benchmark NSE Nifty closed 95.0 points up at 19889.7 amid buying in frontline bluechip counters. However, stocks such as Bohra Industries, Karda Const, SS Infrastructure, Penta Gold and Bannari Amman, touched their fresh 52-week lows.

Ramaswamy Narayanan, CMD, GIC RE, says, “our business has been doing well. We have managed to post very good results for 2022-2023 and we are continuing that forward in the current year for the last two quarters as well. Further, we have also got a credit rating boost from US credit rating agency, AM Best, since we are an international company doing business in over 150 countries we need a credit rating from an international agency. In our case, it is AM Best and they have boosted our credit rating as well.” There is a massive re-rating going on in the entire insurance space. It was started by private sector insurance companies in the last two, three days. Even the public sector enterprises, insurance and reinsurance companies are getting completely re-rated. The view in the market and the industry is that there could be policy making plus some impetus coming in which could improve volumes. What are your thoughts on the way business momentum is at your end? We are doing well. I guess maybe the interest coming forward now is based on the fact that the insurance industry is doing well now as well as maybe the understanding of what this industry is all about is also happening in the market. From GIC's perspective, our business has been doing well. We have managed to post very good results for 2022-2023 and we are continuing that forward in the current year for the last two quarters as well.

PI Industries' share price gained more than 1% on Friday adding to its gains of around 15% that the stock has seen since October lows. While concerns around most chemical manufacturers stay elevated pertaining to inventory destocking, demand slowdown in developed countries, rise in China Exports, PI Industries with patented molecules and niche product range remains better placed compared to peers feel analysts. The Q2 performance held testimony as the financial performance of PI Industries remained strong amidst favorable demand momentum while many peers saw pressure on the performance.

The Access to Nutrition Initiative (ATNI), a global independent non-profit organization on Wednesday launched its third edition of the India Index, in partnership with Consumer Voice and Confederation of Indian Industry.

Agro Phos(up 6.46%), Chambal Fertilisers & Chemicals(up 0.53%), ZUARIAGRO(up 0.42%), Sikko Industries(up 0.39%), Coromandel International(up 0.36%) and Deepak Fertilizers & Petrochemicals(up 0.07%) stood among the top gainers. Bohra Industries(down 4.99%), Gujarat Narmada Valley Fertilizers (down 2.26%), Aries Agro(down 1.66%), Madras Fertlizers(down 1.48%), Rashtriya Chemicals & Fertilizers(down 1.41%), Mangalore Chemicals & Fertilizers(down 1.25%), Madhya Bharat Agro Products(down 0.92%), Fertilizers & Chemicals Tranvancore(down 0.87%), National Fertilizer(down 0.87%) and Rama Phosphates(down 0.71%) were among the top losers of the day.

Benchmark NSE Nifty closed 28.45 points up at 19811.85 amid buying in frontline bluechip counters. However, stocks such as Bohra Industries, Rajesh Exports, Ester Ind, ASK Automotive and Mangalam Drugs, touched their fresh 52-week lows.

Agro Phos(up 4.12%), Paradeep Phosphates(up 2.48%), Chambal Fertilisers & Chemicals(up 1.95%), ZUARIAGRO(up 0.88%), Coromandel International(up 0.62%), Nagarjuna Fertilizers & Chem(up 0.58%), Sikko Industries(up 0.31%), Madras Fertlizers(up 0.26%), Southern Petrochemicals Industries(up 0.22%) and Deepak Fertilizers & Petrochemicals(up 0.14%) stood among the top gainers. Bohra Industries(down 4.96%), Krishana Phoschem(down 2.54%), Madhya Bharat Agro Products(down 1.50%), G S F C(down 1.04%), Fertilizers & Chemicals Tranvancore(down 0.99%), Aries Agro(down 0.58%), Mangalore Chemicals & Fertilizers(down 0.53%), Rama Phosphates(down 0.38%), National Fertilizer(down 0.22%) and Rashtriya Chemicals & Fertilizers(down 0.12%) were among the top losers of the day.

Benchmark NSE Nifty closed 33.4 points down at 19731.8 amid selling in frontline bluechip counters. However, stocks such as APM Finvest, Rajesh Exports, Winsome Yarns, ESAF Small Finance and Diamines Chem, touched their fresh 52-week lows.

Benchmark NSE Nifty closed 231.9 points up at 19675.45 amid buying in frontline bluechip counters. However, stocks such as Rajesh Exports, Atam Valves, Compuage Infocom, Winsome Yarns and Amines Plastic, touched their fresh 52-week lows.

Benchmark NSE Nifty closed 30.05 points up at 19425.35 amid buying in frontline bluechip counters. However, stocks such as M K Proteins, Hindcon Chemicals, Compuage Infocom, AKG Exim Ltd.

Mangalore Chemicals & Fertilizers(up 2.54%), Gujarat Narmada Valley Fertilizers (up 1.95%), Nagarjuna Fertilizers & Chem(up 1.18%), Paradeep Phosphates(up 0.80%), Madhya Bharat Agro Products(up 0.70%), Khaitan Chemicals & Fertilizers(up 0.70%) and Aries Agro(up 0.55%) were among the top gainers. Krishana Phoschem(down 1.73%), G S F C(down 1.26%), Fertilizers & Chemicals Tranvancore(down 1.17%), Deepak Fertilizers & Petrochemicals(down 0.98%), Rama Phosphates(down 0.84%), Madras Fertlizers(down 0.71%), Chambal Fertilisers & Chemicals(down 0.36%), Agro Phos(down 0.28%), National Fertilizer(down 0.22%) and Coromandel International(down 0.22%) were among the top losers.

Benchmark NSE Nifty closed 48.2 points down at 19395.3 amid selling in frontline bluechip counters. However, stocks such as HP Adhesives, Compuage Infocom, Shree Ram Proteins, Lords Chloro and Winsome Yarns, touched their fresh 52-week lows.

Chambal Fertilisers & Chemicals(up 2.47%), Agro Phos(up 1.24%), Aries Agro(up 1.10%), Mangalore Chemicals & Fertilizers(up 0.85%) and Coromandel International(up 0.48%) were among the top gainers. Gujarat Narmada Valley Fertilizers (down 2.51%), Krishana Phoschem(down 2.16%), National Fertilizer(down 1.51%), Khaitan Chemicals & Fertilizers(down 1.45%), Fertilizers & Chemicals Tranvancore(down 1.39%), G S F C(down 1.39%), Rashtriya Chemicals & Fertilizers(down 1.23%), Sikko Industries(down 1.12%), Deepak Fertilizers & Petrochemicals(down 0.80%) and Southern Petrochemicals Industries(down 0.73%) were among the top losers.

Benchmark NSE Nifty index rose 2.5 points to 19441.0 amid selling in frontline bluechip stocks. However, stocks such as HP Adhesives, Compuage Infocom, Lords Chloro, Winsome Yarns and Fourth Dimension Sol, touched their fresh 52-week low.

Benchmark NSE Nifty closed 36.8 points up at 19443.5 amid buying in frontline bluechip counters. However, stocks such as Fourth Dimension Sol, Winsome Yarns, Compuage Infocom, Sheetal Cool and Atam Valves, touched their fresh 52-week lows.

Jyothy Labs(up 3.76%), Tasty Bite Eatables(up 3.10%), ADF Foods(up 1.87%), Varun Beverages(up 1.78%), Hindustan Foods(up 1.16%), Mrs Bectors Food Specialities(up 1.16%), Patanjali Foods(up 1.15%), Colgate Palmolive(India)(up 0.98%), Hindustan Unilever(up 0.92%) and Zydus Wellness(up 0.79%) stood among the top gainers. Future Consumer(down 5.88%), Bajaj Consumer(down 1.30%), Hatsun Agro Product Ltd(down 1.27%), Nakoda Group(down 0.97%), Dangee Dums(down 0.96%), Prataap Snacks(down 0.79%), Marico(down 0.78%), Heritage Foods(down 0.62%), TATA CONSUMER PRODUCTS(down 0.62%) and Godrej Consumer Products(down 0.57%) were among the top losers of the day.

Benchmark NSE Nifty closed 5.05 points down at 19406.7 amid selling in frontline bluechip counters. However, stocks such as Perfect Infraenginee(PP), Godha Cabcon & Insul, Atam Valves, Winsome Yarns and Compuage Infocom, touched their fresh 52-week lows.

Deepak Fertilizers & Petrochemicals(up 1.83%), Agro Phos(up 1.83%), Aries Agro(up 1.59%), Mangalore Chemicals & Fertilizers(up 1.40%), Khaitan Chemicals & Fertilizers(up 1.12%), Chambal Fertilisers & Chemicals(up 0.60%), National Fertilizer(up 0.36%), Coromandel International(up 0.24%) and Madhya Bharat Agro Products(up 0.14%) were among the top gainers. G S F C(down 2.11%), Krishana Phoschem(down 1.75%), Gujarat Narmada Valley Fertilizers (down 1.42%), Bohra Industries(down 1.03%), Southern Petrochemicals Industries(down 0.87%), Fertilizers & Chemicals Tranvancore(down 0.73%), ZUARIAGRO(down 0.72%), Madras Fertlizers(down 0.71%), Nagarjuna Fertilizers & Chem(down 0.61%) and Paradeep Phosphates(down 0.47%) were among the top losers.

₹40 crore bank fraud case was filed against legislator Jaswant Singh Gajjanmajra. The legislator was taken into custody under provisions of the Prevention of Money Laundering Act (PMLA) after he was detained by agency officials from a public meeting he was holding in Malerkotla, they said. As per PTI reports, citing officials familiar with the development, Gajjanmajra had skipped multiple summons issued to him in the past and hence, was detained and then arrested after questioning.

ZUARIAGRO(up 4.89%), Bohra Industries(up 4.83%), Sikko Industries(up 3.42%), Coromandel International(up 2.53%), Aries Agro(up 1.91%), Deepak Fertilizers & Petrochemicals(up 1.62%), Rama Phosphates(up 1.26%), Mangalore Chemicals & Fertilizers(up 1.24%), Chambal Fertilisers & Chemicals(up 1.20%) and Agro Phos(up 1.14%) stood among the top gainers. Krishana Phoschem(down 2.14%), Madhya Bharat Agro Products(down 1.77%), Madras Fertlizers(down 1.76%), Fertilizers & Chemicals Tranvancore(down 1.18%), G S F C(down 1.16%), Paradeep Phosphates(down 0.39%), National Fertilizer(down 0.29%) and Khaitan Chemicals & Fertilizers(down 0.15%) were among the top losers of the day.

Sikko Industries(up 2.71%), Agro Phos(up 1.89%), Nagarjuna Fertilizers & Chem(up 1.85%), ZUARIAGRO(up 1.41%), Bohra Industries(up 1.40%), Paradeep Phosphates(up 1.34%), Coromandel International(up 1.32%), National Fertilizer(up 1.31%), Deepak Fertilizers & Petrochemicals(up 1.31%) and Madras Fertlizers(up 1.28%) stood among the top gainers. Aries Agro(down 1.36%), Khaitan Chemicals & Fertilizers(down 0.89%), Southern Petrochemicals Industries(down 0.80%), G S F C(down 0.79%) and Gujarat Narmada Valley Fertilizers (down 0.46%) were among the top losers of the day.