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Deepak Fertilisers spurts on promoter increasing their controlling stake in co

01 Apr 2015 Evaluate

Deepak Fertilisers & Petrochemicals Corporation is currently trading at Rs. 140.75, up by 3.80 points or 2.77 % from its previous closing of Rs. 136.95 on the BSE.

The scrip opened at Rs. 141.40 and has touched a high and low of Rs. 143.40 and Rs. 140.30 respectively. So far 14345 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. 116.30 on 16-Apr-2014.

Last one week high and low of the scrip stood at Rs. 143.50 and Rs. 132.20 respectively. The current market cap of the company is Rs. 1243.69 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 & Petrochemicals’ promoters have enhanced their controlling stake from 45.46% to 50.06%, through open market acquisition, in January-March quarter.

The share acquisition spree began in February this year with Chairman and Managing Director Sailesh Chimanlal Mehta enhancing his holdings from 21.86% to 24.13%.

Since then, Parul Sailesh Mehta - Sailesh’s wife and a director on board of Deepak Fertilisers – enhanced her stake from 1.13% to 3.46%. The last such purchase was made on March 30.

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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