RCF trades jubilantly on getting credit rating revised by ICRA
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Rashtriya Chemicals & Fertilizers is currently trading at Rs. 66.50, up by 10.05 points or 17.80% from its previous closing of Rs. 56.45 on the BSE.
The scrip opened at Rs. 57.40 and has touched a high and low of Rs. 67.70 and Rs. 56.75 respectively. So far 2874536 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 67.70 on 25-Feb-2021 and a 52 week low of Rs. 22.05 on 25-Mar-2020.
Last one week high and low of the scrip stood at Rs. 67.70 and Rs. 53.00 respectively. The current market cap of the company is Rs. 3489.43 crore.
The promoters holding in the company stood at 75.00%, while Institutions and Non-Institutions held 4.05% and 20.95% respectively.
ICRA, after due consideration, has reaffirmed the long-term rating for Rashtriya Chemicals and Fertilizers’ (RCF) Bank Facilities and Non-Convertible Debenture (NCD) at ‘AA-’. The Outlook on the long-term rating has been revised to Positive from Stable. The rating agency also reaffirmed rating on Commercial Paper Programme at ‘A1+’. The aforesaid ratings will be due for surveillance any time before March 31, 2022.
RCF, a Government of India Undertaking is a leading fertilizer and chemical manufacturing company with about 80% of its equity held by the Government of India. The company manufactures Urea, Complex Fertilizers, Biofertilizers, Micronutrients, 100 percent water soluble fertilizers, soil conditioners and a wide range of Industrial Chemicals.
