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RCF gains on plan of hiking product prices next month

27 Oct 2014 Evaluate

Rashtriya Chemicals & Fertilizers (RCF) is currently trading at Rs. 57.85, up by 3.45 points or 6.34% from its previous closing of Rs. 54.40 on the BSE.

The scrip opened at Rs. 54.80 and has touched a high and low of Rs. 58.25 and Rs. 54.80 respectively. So far 538690 shares were traded on the counter.

The BSE group 'B ' stock of face value Rs. 10 has touched a 52 week high of Rs. 70.75 on 17-Jun-2014 and a 52 week low of Rs. 30.15 on 17-Feb-2014.

Last one week high and low of the scrip stood at Rs. 54.95 and Rs. 51.90 respectively. The current market cap of the company is Rs. 3183.24 crore.

The promoters holding in the company stood at 80.00 % while Institutions and Non-Institutions held 10.38 % and 9.62 % respectively.

In a bid to protect the margins, Rashtriya Chemicals and Fertlizers (RCF) is planning a 2-3 percent increase in prices next month, following the 33 percent hike in natural gas price. The government on October 18 hiked the natural gas price from $4.2 per million British thermal unit to $6.17 per mmBtu from November 1, or about 33 percent.

The company is eyeing Rs 7,500 crore this fiscal, a 10 percent growth from last fiscal due to increased production capacity. The PSU, which already enjoys the Miniratna status, is also likely to get the Navaratna status this year once the government appoints the requisite number of independent directors.

Rashtriya Chemicals Share Price

131.65 0.70 (0.53%)
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