RCF drops on profit booking

Rashtriya Chemicals and Fertilizers lost 2.26% to Rs 79.90 at 14:44 IST on BSE on profit booking after gaining 19% in the preceding five trading sessions to settle at Rs 81.75 on 31 March 2017, from its close of Rs 68.70 on 24 March 2017.

Meanwhile, the S&P BSE Sensex was up 246.48 points, or 0.83%, to 29,866.36

On BSE, so far 14.21 lakh shares were traded in the counter, compared with average daily volume of 8 lakh shares in the past one quarter. The stock hit a high of Rs 82.60 and a low of Rs 78.70 so far during the day. The stock hit a 52-week high of Rs 85.40 on 31 March 2017. The stock hit a 52-week low of Rs 38.30 on 31 March 2016.

 

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

Rashtriya Chemicals and Fertilizers' (RCF) after net profit rose 36.59% to Rs 63.91 crore on 16.17% decline in total income to Rs 1699.12 crore in Q3 December 2016 over Q3 December 2015.

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 31 December 2016).

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