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RCF jumps as Govt to pare stake

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Capital Market Mumbai

Meanwhile, the BSE Sensex was up 185.94 points, or 0.97%, to 19,441.03.

On BSE, 7.92 lakh shares were traded in the counter as against an average daily volume of 2.81 lakh shares in the past one quarter.

The stock hit a high of Rs 59 and a low of Rs 56.10 so far during the day. The stock had hit a 52-week high of Rs 73.45 on 14 February 2012. The stock had hit a 52-week low of Rs 44.30 on 29 December 2011.

The stock had outperformed the market over the past one month till 24 December 2012, rising 8.90% compared with the Sensex's 4.04% rise. The scrip had, however, underperformed the market in past one quarter, falling 4.46% as against Sensex's 3.12% rise.

 

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

The government has set a divestment target of Rs 30000 crore for the year ending March 2013.

Rashtriya Chemicals & Fertilizers' (RCF) net profit rose 6.5% to Rs 82.88 crore on 14.4% growth in net sales to Rs 939.58 crore in Q2 September 2012 over Q2 September 2011.

State-run RCF is one of the leading producers of urea in India. The Government of India (GoI) holds 92.5% stake in the company (as per the shareholding pattern as on 30 September 2012).

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First Published: Dec 26 2012 | 11:32 PM IST

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