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Govt’s plans to divest stake in RCF via OFS route lifts the stock

18 Feb 2013 Evaluate

Rashtriya Chemicals & Fertilizers (RCF) is currently trading at Rs 51.10, up by 1.40 points or 2.82% from its previous closing of Rs 49.70 on the BSE.

The scrip opened at Rs 51.00 and has touched a high and low of Rs 52.05 and Rs 50.10 respectively. So far 127659 shares were traded on the counter.

The BSE group 'B' stock of face value Rs 10 has touched a 52 week high of Rs 72.00 on 17-Feb-2012 and a 52 week low of Rs 47.65 on 30-Aug-2012.

Last one week high and low of the scrip stood at Rs 54.80 and Rs 49.50 respectively. The current market cap of the company is Rs 2830.16 crore.

The promoters holding in the company stood at 92.50% while Institutions and Non-Institutions held 1.46% and 6.04% respectively.

The government, in order to reach its divestment target of Rs 30,000 crore by the current financial year, is planning to offload 12.5% equity in Rashtriya Chemicals and Fertilisers (RCF) through an offer for sale (OFS) route in the next month. The RCF issue is expected to hit the market on March 10, 2013. So far this fiscal, the government has raised Rs 21,500 crore through PSU stake sales, against the Budget target of Rs 30,000 crore.

The company has reported 37.13% rise in its net profit at Rs 73.98 crore for the third quarter ended December 31, 2012 as compared to Rs 53.95 crore for the same quarter in the previous year. However, total income from operation of the company has decreased by 3.04% at Rs 1567.83 crore for quarter under review as compared to Rs 1617.05 crore for the quarter ended December 31, 2011.

RCF Share Price

134.35 -2.35 (-1.72%)
23-Jun-2026 16:59 View Price Chart
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