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Mangalore Chemicals surges on commencing operations of urea plant

07 Jan 2015 Evaluate

Mangalore Chemicals & Fertilizers is currently trading at Rs. 90.35, up by 1.35 points or 1.52% from its previous closing of Rs. 89.00 on the BSE.

The scrip opened at Rs. 88.25 and has touched a high and low of Rs. 93.00 and Rs. 88.25 respectively. So far 39970 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 104.65 on 08-Oct-2014 and a 52 week low of Rs. 56.00 on 10-Jan-2014.

Last one week high and low of the scrip stood at Rs. 97.15 and Rs. 88.05 respectively. The current market cap of the company is Rs. 1054.19 crore.

The promoters holding in the company stood at 21.97% while Institutions and Non-Institutions held 3.98% and 74.04% respectively.

Mangalore Chemicals & Fertilizers has commenced the operations of its urea plant with effect from January 07, 2015. The company had earlier shut the operation of the plant with effect from October 01, 2014 in view of the Government of India notifications.

Mangalore Chemicals and Fertilizers (MCF) is a part of The UB Group, a large and diversified business house. The group is one of the foremost multinational organizations based in the sub-continent with operations in many world markets. It has diverse interests – Brewing, Distilling, Aviation, Fertilizers, Life Sciences, Engineering, Research and Development and Information Technology.

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