RCF surges on raising Rs 200 crore through issue of Commercial Paper

30 Sep 2016 Evaluate

Rashtriya Chemicals & Fertilizers (RCF) is currently trading at Rs. 44.75, up by 0.95 points or 2.17% from its previous closing of Rs. 43.80 on the BSE.

The scrip opened at Rs. 44.05 and has touched a high and low of Rs. 45.35 and Rs. 43.60 respectively. So far 196169 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 53.75 on 07-Jul-2016 and a 52 week low of Rs. 35.25 on 12-Feb-2016.

Last one week high and low of the scrip stood at Rs. 48.10 and Rs. 43.40 respectively. The current market cap of the company is Rs. 2471.56 crore.

The promoters holding in the company stood at 80.00%, while institutions and non-institutions held 7.62% and 12.38% respectively.

RCF has issued Commercial Paper for Rs 200 crore on September 29, 2016, in favour of HDFC Bank, having maturity date as October 10, 2016. The company has issued the commercial paper in terms of the guidelines issued by the Reserve Bank of India (RBI).

Further, the Commercial Paper issued on July 29, 2016, for Rs 150 crore, has been redeemed on September 29, 2016.

RCF, a Government of India Undertaking is a leading fertilizer and chemical manufacturing company with about 80% of its equity held by the Govt. of India. RCF manufactures Urea and Complex fertilizers (NPK) along with a wide range of Industrial Chemicals. Govt. of India has accorded 'Mini Ratna' Status to RCF.

RCF Share Price

123.80 0.25 (0.20%)
05-Dec-2022 18:01 View Price Chart
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