Rashtriya Chemicals and Fertilizers soars on getting `Navratna Status` from DPE
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Rashtriya Chemicals and Fertilizers is currently trading at Rs. 127.10, up by 5.00 points or 4.10% from its previous closing of Rs. 122.10 on the BSE.
The scrip opened at Rs. 121.10 and has touched a high and low of Rs. 130.40 and Rs. 118.55 respectively. So far 962069 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 144.80 on 15-Dec-2022 and a 52 week low of Rs. 89.50 on 28-Mar-2023.
Last one week high and low of the scrip stood at Rs. 130.40 and Rs. 112.05 respectively. The current market cap of the company is Rs. 7042.30 crore.
The promoters holding in the company stood at 75.00%, while Institutions and Non-Institutions held 2.62% and 22.38% respectively.
Rashtriya Chemicals and Fertilizers (RCF) has received ‘Navratna Status’ from Department of Public Enterprise (DPE) on August 29, 2023. Navratnas are a set of public sector companies that possess financial autonomy to invest up to Rs 1000 crore without any approval from the central government. Earlier, the company had received ‘Miniratna Status’ from Department of Public Enterprise.
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.
