Deepak Fertilisers & Petrochemicals Corporation is currently trading at Rs. 89.25, up by 1.05 points or 1.19% from its previous closing of Rs. 88.20 on the BSE.
The scrip opened at Rs. 87.00 and has touched a high and low of Rs. 90.10 and Rs. 85.50 respectively. So far 26889 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 290.05 on 10-Aug-2018 and a 52 week low of Rs. 86.25 on 19-Jul-2019.
Last one week high and low of the scrip stood at Rs. 102.50 and Rs. 85.50 respectively. The current market cap of the company is Rs. 783.26 crore.
The promoters holding in the company stood at 51.50%, while Institutions and Non-Institutions held 6.83% and 41.67% respectively.
Deepak Fertilisers and Petrochemicals has sold 75% of its holding i.e. 21.51% of the share capital of Desai Fruits and Vegetables (DFV) to Contract Farming Mauritius. The company has received the said sale consideration of Rs 28.20 crore. The company has sold its holding as part of its strategy to divest from non-core investments. The Company was holding 28.67% of the Share capital of DFV.
After the aforesaid stake sale, now the Company will be holding only 7.17% of the Share Capital of DFV. Consequent to the aforesaid stake sale, DFV now is no more an associate company of the company.
Deepak Fertilisers & Petrochemicals Corporation business can be broadly categorized into Chemicals, Agribusiness and Specialty Retailing. The company's chemical division manufactures Methanol, various grades of Nitric Acid and Ammonia.
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