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Mangalore Chemicals strengthens on restarting operations of plants after maintenance activities

08 Apr 2019 Evaluate

Mangalore Chemicals & Fertilizers is currently trading at Rs. 43.00, up by 0.40 points or 0.94% from its previous closing of Rs. 42.60 on the BSE.

The scrip opened at Rs. 43.60 and has touched a high and low of Rs. 43.60 and Rs. 42.90 respectively. So far 1007 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 67.45 on 20-Apr-2018 and a 52 week low of Rs. 27.85 on 19-Feb-2019.

Last one week high and low of the scrip stood at Rs. 43.60 and Rs. 40.95 respectively. The current market cap of the company is Rs. 509.02 crore.

The promoters holding in the company stood at 61.10%, while Institutions and Non-Institutions held 15.20% and 23.71% respectively.

Mangalore Chemicals & Fertilizers has started the operations of Ammonia, Urea and ABC plants after the annual maintenance activities. Earlier, the company had completed the reassessed capacity of Urea production for the financial year 2018-19 and carrying out annual maintenance of its plants, due to which the company had shutdown its Ammonia, Urea and ABC plants from February 13, 2019.

Mangalore Chemicals & Fertilizers is a Fertilizers Manufacturing company situated in the state of Karnataka, India. The company with its wide range of products that include Urea, Di-Ammonium Phosphate, Muriate of Potash, Granulated Fertilizers, Micronutrients, Soil Conditioners and Specialty Fertilizers, touches and enriches the lives of farmers across Southern India.

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