LIC sold more than 1 crore shares of this company, prices suddenly fell, do you have these shares? – ..

National Fertilizers Share: Shares of fertilizer company National Fertilizers Limited (NFL) remained in focus during trading on Monday. Shares of the company fell 2.5% intraday today to Rs. It reached a low of 109.65. There is a news behind this fall of shares. In fact, India’s largest domestic institutional investor Life Insurance Corporation of India (LIC) has reduced its stake in National Fertilizers Limited.

what are the details
According to National Fertilizers Exchange filing, LIC has reduced its stake in the company. Earlier, LIC held 3,56,02,539 shares, representing 7.26 per cent stake. After the sale of 1,00,82,326 shares (equivalent to 2.06 per cent stake), LIC now holds 2,55,20,213 shares, accounting for 5.20 per cent of National Fertilizers. According to exchange filings, the insurer bought and sold National Fertilizers shares in multiple tranches between October 6, 2023, and January 17, 2025.

stock position
NFL stock prices fell nearly one per cent in intraday trade on BSE on Monday, January 20. The stock opened at ₹111.35 against its previous close of ₹110.55 and fell 0.81 per cent to an intraday low of ₹109.65. However, that Indra Day is Rs. is the highest level. Fell 2.5% to Rs 112.50. Came to 109.65. The company’s stock hit a 52-week low of ₹83 on March 14, followed by a 52-week high of ₹169.95 on July 23 last year. Let us tell you that the Navratna company had earned a consolidated net profit of Rs 12.07 crore in the quarter ending September 2024. The company had suffered a loss of Rs 87.10 crore in the same quarter last year. For Q1FY25 too, the company reported a loss of ₹8.7 crore.