Rama Phosphates trades higher on the BSE
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Rama Phosphates is currently trading at Rs. 358.95, up by 7.30 points or 2.08% from its previous closing of Rs. 351.65 on the BSE.
The scrip opened at Rs. 352.35 and has touched a high and low of Rs. 359.50 and Rs. 352.00 respectively. So far 2673 shares were traded on the counter.
The BSE group 'X' stock of face value Rs. 10 has touched a 52 week high of Rs. 505.05 on 23-Jul-2021 and a 52 week low of Rs. 106.00 on 19-Feb-2021.
Last one week high and low of the scrip stood at Rs. 372.70 and Rs. 326.00 respectively. The current market cap of the company is Rs. 631.56 crore.
The promoters holding in the company stood at 75.00%, while Institutions and Non-Institutions held 0.03% and 24.97% respectively.
Rama Phosphates has obtained consent from Maharashtra Pollution Control Board to establish Phase I to manufacture Single Super Phosphate (SSP) including Fortified Zincated & Boranated fertilizer with Capacity of 216000 MTPA & Sulphuric Acid Plant with Capacity of 90000 MTPA and the Capital Investment of the Phase I project is Rs 48.954 crore. The company is at advanced stage of finalizing the Plant and Machinery and consequently company is targeting to commence the production by the end of FY 2023.
Rama Phosphates is engaged in manufacturing phosphatic fertilizers viz. Single Super Phosphate (SSP) in Powder as well as Granule form, Mixed fertilizers namely NPK of various grades, Fortified fertilizer namely Boronated Single Super Phosphate (Powder and Granule), Micronutrients namely Magnesium Sulphate.
