The company is primarily engaged in manufacturing, trading, distribution and sales of a variety of complex fertilizers

Though the frontline indices ended with modest gains, the real action was witnessed in the broader markets. Nifty Midcap and Small-cap indices outperformed the frontline gauge. 

BSE Smallcap index outperformed the broader markets, recording gains of 1.15 per cent to end at the 25,605.99 level.

The group confirmed the deal to acquire Holcim’s stake in Ambuja Cements and ACC Ltd for $10.5 billion or Rs 81,361 crore. Holcim owns 63.19 per cent in Ambuja Cements and 4.48 per cent in ACC Limited.

At the closing bell on May 16, the Sensex closed with nominal gains of 0.3 per cent or 180 points to close at 52,973.84, while the Nifty index gained 0.4 per cent or 60 points at 15,842.30. 

 Elgi Equipments, NB Ventures and Avenue Supermarts witnessed positive action in today’s session.  

The barometers finished slightly higher, halting the six-day losing trend. Buying pressure was seen in banking, real estate & auto stocks while selling pressure was seen in the IT and FMCG companies. The share of Avenue Supermarts (D-Mart) soared 10 per cent. The stock of Eicher Motors jumped 7.75 per cent. Balkrishna Industries rose 8.11 per cent after reporting a 36 per cent increase in the net revenue.   

On Monday, the auto & banking stocks kept the benchmark indices in the positive territory as the rising inflation and its impact on discretionary spending kept investors cautious. 

The rising inflation and Federal Reserve's rate hike fuelled the rally in the dollar.

At 2.30 pm on Monday, the core equity indices i.e., Sensex and Nifty 50 were trading at the day’s low, with the markets reacting to the global markets.  

Operating revenue for FY22 grew by 37 per cent (YoY) to Rs 621.7 crore.