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Deepak Fertilisers And Petrochemicals Corporation is currently trading at Rs. 835.95, up by 23.55 points or 2.90% from its previous closing of Rs. 812.40 on the BSE.

The scrip opened at Rs. 817.10 and has touched a high and low of Rs. 861.00 and Rs. 817.10 respectively. So far 164353 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1061.70 on 21-Oct-2022 and a 52 week low of Rs. 355.85 on 20-Dec-2021.

Last one week high and low of the scrip stood at Rs. 861.00 and Rs. 787.85 respectively. The current market cap of the company is Rs. 10475.65 crore.

The promoters holding in the company stood at 45.46 % while Institutions and Non-Institutions held 22.84 % and 31.70 % respectively.

Deepak Fertilisers and Petrochemicals Corporation (DFPCL) is planning to demerge its mining chemicals and fertilisers businesses. The board of Smartchem Technologies (STL), a wholly-owned subsidiary of DFPCL, in a meeting December 15, 2022 approved a corporate restructuring plan that will help unlock the growth potential of each of the businesses.

It approved the demerger of the TAN business (mining chemicals) from STL to DMSPL, a wholly owned subsidiary of DFPCL, and amalgamation of Mahadhan Farm Technologies (MFTPL), a wholly-owned subsidiary of STL, with STL. Over past few years, DFPCL has improved its operational performance, generated cash flows, and strengthened the balance sheet while focusing on increasing investments in greenfield expansions. The proposed corporate restructuring shall considerably help create strong independent business platforms within the larger DFPCL brand umbrella, hence enhancing stakeholders' value over time.

Deepak Fertilisers and Petrochemicals Corporation (DFPCL) is among India’s leading producers of fertilisers and industrial chemicals.