Friday 26 December 2014

Gujarat State Fertilizers tumbled 3.4%

Gujarat State Fertilizers & Chemicals after surging to a high of Rs. 110 in early morning trade and soon slipped into the negative zone, on reports that the Reserve Bank of India (RBI) has placed restrictions on further purchases of shares of Gujarat State Fertilizers.

Following which, the stock tumbled 6.4 per cent from the day's high to touch a low of Rs. 103.

Now, Gujarat State Fertilizers is down 3.4 per cent at Rs. 105. The counter has registered trades of around 170,000 shares on the BSE so far, as against the two-week daily average volume of 255,000 shares.

Meanwhile, the BSE Sensex is down 11 points at 27,197.

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