Monday, 22 February 2016

RCF surges 5.5%; likely to get clearance for new urea plant

The company is likely to secure a clearance from the Public Investment Board for establishing a new urea plant at its current manufacturing facility at Thal in Maharashtra at an estimated investment of Rs. 55 bn.


RCF stock was higher by 5.5%. Report says that the company is likely to secure a clearance from the Public Investment Board for establishing a new urea plant at its current manufacturing facility at Thal in Maharashtra at an estimated investment of Rs55bn.

The scrip opened at Rs. 41.55 and has touched a high and low of Rs. 43.25 and Rs. 41.35 respectively. So far 1466851(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 2220.55 crore.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 74.75 on 19-Feb-2015 and a 52 week low of Rs. 35.25 on 12-Feb-2016. Last one week high and low of the scrip stood at Rs. 40.6 and Rs. 36.3 respectively.

The promoters holding in the company stood at 80 % while Institutions and Non-Institutions held 10.04 % and 9.96 % respectively.

The stock is currently trading above its 200 DMA.

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