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Gujarat State Fertilizers jumps on executing agreement with ROC

20 Apr 2017 Evaluate

Gujarat State Fertilizers & Chemicals (GSFC) is currently trading at Rs. 119.00, up by 4.00 points or 3.48% from its previous closing of Rs. 115.00 on the BSE.

The scrip opened at Rs. 118.95 and has touched a high and low of Rs. 119.80 and Rs. 118.40 respectively. So far 84130 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 131.70 on 03-Apr-2017 and a 52 week low of Rs. 67.00 on 03-Aug-2016.

Last one week high and low of the scrip stood at Rs. 120.50 and Rs. 114.40 respectively. The current market cap of the company is Rs. 4729.93 crore.

The promoters holding in the company stood at 37.84%, while Institutions and Non-Institutions held 31.66% and 30.50% respectively.

GSFC has executed an in-principle agreement (in the form of Non-binding term sheet) with Government of Republic of Congo (ROC) in New Delhi on April 17, 2017 to evaluate the possibility of establishing a Ammonia - Urea Complex at ROC to enhance the agriculture growth in ROC. It is expected that this project will act as a catalyst for ROC by reducing dependency on imported food for feeding the public of ROC. This project will also enhance the bilateral relationship between the two countries.

GSFC is engaged in the manufacturing of fertilizers and industrial products. The company has created more than 24 brands of fertilizers, petrochemicals, chemicals, industrial gases, plastics, fibers and other products.

GSFC Share Price

162.40 2.10 (1.31%)
03-Jul-2026 16:59 View Price Chart
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