Zuari Agro Chemicals zooms on the BSE
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Zuari Agro Chemicals is currently trading at Rs. 103.00, up by 11.60 points or 12.69% from its previous closing of Rs. 91.40 on the BSE.
The scrip opened at Rs. 95.30 and has touched a high and low of Rs. 108.00 and Rs. 95.30 respectively. So far 109940 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 123.65 on 18-Jun-2020 and a 52 week low of Rs. 44.55 on 23-Mar-2020.
Last one week high and low of the scrip stood at Rs. 96.90 and Rs. 89.00 respectively. The current market cap of the company is Rs. 415.11 crore.
The promoters holding in the company stood at 65.04%, while Institutions and Non-Institutions held 4.75% and 29.99% respectively.
Zuari Agro Chemicals’ board has approved the sale of company's fertilizer plant at Goa and associated businesses of the company to Paradeep Phosphates (PPL) as a going concern, on a slump sale basis for an agreed enterprise value of $280 million as defined in the Business Transfer Agreement and for entering into necessary Business Transfer Agreement with PPL. The Board of Directors of the company at its meeting held on February 22, 2021, has approved the same.
Zuari Agro Chemicals is one of the leading fertilizer conglomerates in India. The company produces high-quality complex fertilizers of various grades along with seeds, pesticides, micro nutrients, and specialty fertilizers.
