On Wednesday, National Fertilizers, Rashtriya Chemicals and Ferilizers, GSFC and Deepak Fertilizers soared 7-16% on the BSE. The Sensex ended almost unchanged over the previous day. The mid-cap index gained 0.2% and the small-cap index rose 0.45%.
Sebi penalises 2 individuals for insider trading in Deepak Fertilizers shares
Sebi noted that Naresh is a director of Nishant Infin, which provided business services to Deepak Fertilizers and its subsidiaries. Also, Naresh is a cousin of Sailesh Mehta, who is the Managing Director of Deepak Fertilizers.
Deepak Fertilisers to demerge its mining chemicals & fertilizers biz; stocks rises 6%
The proposed corporate restructuring shall considerably help create strong independent business platforms within the larger DFPCL brand umbrella, hence enhancing stakeholders' value over time," said Sailesh C Mehta, Chairman and Managing Director, DFPCL.