Deepak Fertilisers advances on being re-assigned ‘A1+’ rating for its Commercial Paper issue

24 Dec 2014

Deepak Fertilisers & Petrochemicals Corporation is currently trading at Rs. 141.50, up by 2.65 points or 1.91 % from its previous closing of Rs. 138.85 on the BSE.

The scrip opened at Rs. 139.75 and has touched a high and low of Rs. 141.70 and Rs. 138.35 respectively. So far 9138 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 185.05 on 22-Jul-2014 and a 52 week low of Rs. 99.80 on 28-Jan-2014.

Last one week high and low of the scrip stood at Rs. 142.00 and Rs. 125.10 respectively. The current market cap of the company is Rs. 1245.45 crore.

The promoters holding in the company stood at 45.46 % while Institutions and Non-Institutions held 16.77 % and 37.77 % respectively.

Credit rating agency, CARE has reaffirmed ‘A1+’ rating to Deepak Fertilisers and Petrochemicals Corporation’s Commercial Paper (CP) issue worth Rs 500 crore. The rating assigned to the long-term instruments continues to be CARE AA (under Credit Watch).

The rating continues to draw comfort from the leading market position of the company in the industrial chemicals segment namely Technical Ammonium Nitrate (TAN) and ISO Propyl Alcohol (IPA), diversified product portfolio and a healthy capital structure.

Deepak Fertilisers and Petrochemicals Corporation is one of the leading manufacturers of industrials chemicals and fertilizers in India. The company operates in three business segments – Chemicals, Fertilizers and Realty.

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