Meanwhile the BSE Sensex was up 74.97 points or 0.38% to 19,775.55

On BSE, 57.32 lakh shares of the scrip were traded. The stock had an average daily volume of 1.16 crore shares on BSE in the past one quarter.

The scrip had touched a high of Rs 84.80, its all time high on BSE. The stock hit a low of Rs 77 so far during the day. It had hit 52-week low of Rs 10.71 on 13 December 2006.

The scrip had outperformed the market in the one month to 16 November 2007, rising 39.51% as against the Sensex's 9.45% rise. It outperformed the market in the past three months, surging 198% against the Sensex's 39.29% gain.

The mid-cap fertiliser company has an equity capital of Rs 428.18 crore, with 42.81 crore outstanding shares of a face value of Rs 10 each.

At the current price of Rs 78.80, the scrip trades at a PE multiple of 97.28, based on Q2 September 2007 annualised EPS of Rs 0.81.

Nagarjuna Fertilizers and Chemicals principal activity is to manufacture urea and ammonia. The company also sells pesticides, seeds and other fertilisers in India.

The company posted 52.20% fall in net profit to Rs 8.66 crore on 10.80% rise in net sales to Rs 680.06 crore in Q2 September 2007 over Q2 September 2006.

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