RCF falls after poor Q2 result

Rashtriya Chemicals and Fertilizers lost 1.3% to Rs 41.70 at 09:29 IST on BSE after net profit fell 4.8% to Rs 43.42 crore on 26.47% decline in total income to Rs 1789.03 crore in Q2 September 2016 over Q2 September 2015.

The result was announced after market hours on Friday, 18 November 2016.

Meanwhile, the S&P BSE Sensex was down 40.46 points, or 0.15%, to 26,109.78

On BSE, so far 21,000 shares were traded in the counter, compared with average daily volume of 2.94 lakh shares in the past one quarter. The stock hit a high of Rs 42 and a low of Rs 41.05 so far during the day. The stock hit a 52-week high of Rs 53.75 on 7 July 2016. The stock hit a 52-week low of Rs 35.25 on 12 February 2016.

The small-cap company has an equity capital of Rs 551.69 crore. Face value per share is Rs 10.

State-run Rashtriya Chemicals and Fertilizers (RCF) is one of the leading producers of urea in India. The Government of India (GoI) currently holds 80% stake in RCF (as per the shareholding pattern as on 30 September 2016).

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