RCF strengthens on receiving nod to import urea for three months

27 Sep 2017

Rashtriya Chemicals and Fertilizers (RCF) is currently trading at Rs. 92.10, up by 2.45 points or 2.73% from its previous closing of Rs. 89.65 on the BSE.

The scrip opened at Rs. 93.15 and has touched a high and low of Rs. 94.30 and Rs. 91.55 respectively. So far 3,91,000 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 106.45 on 04-Aug-2017 and a 52 week low of Rs. 40.50 on 21-Nov-2016.

Last one week high and low of the scrip stood at Rs. 95.80 and Rs. 86.15 respectively. The current market cap of the company is Rs. 5,081.00 crore.

The promoters holding in the company stood at 75.00%, while Institutions and Non-Institutions held 8.03% and 16.97% respectively.

Rashtriya Chemicals and Fertilizers has received permission from Commerce Ministry for importing urea for three months. So far state trading enterprises (STEs) including MMTC and STC were permitted to import the fertiliser.

In the first quarter 2017-18, urea production stood at 55.60 lakh tonnes, DAP at 13.35 lakh tonnes and complex fertilisers at 15.91 lakh tonnes.

Rashtriya Chemicals and Fertilizers (RCF), a Government of India Undertaking is a leading fertilizer and chemical manufacturing company with about 80% of its equity held by the Government of India. The company manufactures Urea, Complex Fertilizers, Bio-fertilizers, Micro-nutrients, 100 percent water soluble fertilizers, soil conditioners and a wide range of Industrial Chemicals.


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RCF Share Price

49.00 -2.05 (-4.02%) Nov 14, 18:01
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Peers
Company Name CMP
Coromandel Interntl. 476.75
National Fertilizers 26.05
Chambal Fert & Chem 160.85
RCF 49.00
GSFC 72.55
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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

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