GSFC strengthens on announcement of Rs 35,984 crore allocation for farming sector

29 Feb 2016

Gujarat State Fertilizers & Chemicals (GSFC) is currently trading at Rs 62.20, up by 1.65 points or 2.73% from its previous closing of Rs 60.55 on the BSE.

The scrip opened at Rs. 60.45 and has touched a high and low of Rs. 62.95 and Rs. 60.45 respectively. So far 60771 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 96.80 on 28-Feb-2015 and a 52 week low of Rs. 57.65 on 12-Feb-2016.

Last one week high and low of the scrip stood at Rs. 64.50 and Rs. 59.60 respectively. The current market cap of the company is Rs. 2490.48 crore.

The promoters holding in the company stood at 37.84 % while Institutions and Non-Institutions held 35.12 % and 27.04 % respectively.

Finance Minister, Arun Jaitley in its Union Budget 2016-17 proposed to double income of farmers by 2022. Further, Rs 35,984 crore allocation for the sectorGSFC is a leading manufacturer of quality products of Chemical Fertilizers and Industrial Products. The company’s manufacturing units is located at Kosamba, Sikka and Nandesari. It has marketing network spread across India in states like Andhra Pradesh, Chhattisgarh, Gujarat, Haryana, Karnataka, Madhya Pradesh, Maharashtra, Punjab, Rajasthan, Daman and Uttar Pradesh.

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