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Deepak Fertilisers declines on selling 2.2% stake in MCFL

06 Jan 2015 Evaluate

Deepak Fertilisers & Petrochemicals Corporation is currently trading at Rs 143.10, down by 3.40 points or 2.32% from its previous closing of Rs. 146.50 on the BSE.

The scrip opened at Rs. 144.80 and has touched a high and low of Rs. 144.95 and Rs. 143.10 respectively. So far 8393 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. 148.20 and Rs. 140.50 respectively. The current market cap of the company is Rs. 1270.15 crore.

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

Deepak Fertilisers & Petrochemicals Corporation has sold 2.2% stake in the Vijay Mallya-led fertilizer firm Mangalore Chemicals and Fertilisers (MCFL). The company has sold over 26 lakh shares, representing 2.2 percent stake in MCFL, last month through nine different open market transactions.

Post-sale Deepak Fertilisers’ stake in MCFL has come down to 29.05 percent from 31.25 percent stake earlier. The Pune-based company held these shares through its subsidiary SCM Soilfert. Pune-based Deepak Fertilisers has been competing with the Kolkata-based industrialist Saroj Poddar-led Zuari group for control of Mangalore Chemicals and Fertilisers (MCFL) since July 2013.

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.

Deepak Fert & Petro Share Price

1229.00 30.35 (2.53%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
BASF India 3703.10
Tata Chemicals 709.05
SRF 2493.65
Pidilite Inds. 1393.25
Deepak Nitrite 1538.00
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