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Deepak Fertilisers rises on plan to sell its stake in MCF

20 Mar 2015 Evaluate

Deepak Fertilisers & Petrochemicals Corporation is currently trading at Rs. 139.05, up by 0.30 points or 0.22% from its previous closing of Rs. 138.75 on the BSE.

The scrip opened at Rs. 141.40 and has touched a high and low of Rs. 141.40 and Rs. 138.50 respectively. So far 2349 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. 115.40 on 20-Mar-2014.

Last one week high and low of the scrip stood at Rs. 142.00 and Rs. 136.75 respectively. The current market cap of the company is Rs. 1226.93 crore.

The promoters holding in the company stood at 45.46% while Institutions and Non-Institutions held 17.28% and 37.26% respectively.

Deepak Fertilisers and Petrochemicals Corporation is reportedly planning to sell its stake in Mangalore Chemicals and Fertilizers (MCF). The open offer from the Saroj Poddar-promoted Zuari group has got an approval from the Securities and Exchange Board of India (SEBI). The Competition Commission of India (CCI)’s nod is pending. Deepak Fertilisers has approached Zuari to sell shares in its favour as it no longer sees any merit to pursue the battle for control of MCF.

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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