RCF surges 4%

Rashtriya Chemicals and Fertilizers (RCF), one of the leading producers of fertilizers in India, surged nearly 4% on Friday after it said the government has decided to set floor price for its offer for sale at Rs 45 a share.

The government will be selling 12.5% stake in the RCF in OFS begin today. Shares ofthe companyare trading at Rs 45.50, up Rs 1.65, or 3.8% at the Bombay Stock Exchange (BSE) on Friday at 1:45 p.m.The scrip has touched an intra-day high of Rs 46.40 and low of Rs 45.55. The total volume of shares traded at the BSE is 561,637.In the earlier session, the shares fell 1.68%, or Rs 0.75, at Rs 43.85. Currently, the stock is trading down 33.72% from its 52-week high of Rs 68.80 and above 5.43% over the 52-week low of Rs 43.25.

Share Price Movement Period Pricein Rs Gain/(Loss) in Rs in % 1 Week 45.70 (1.85) (4.05) 1 Month 52.60 (8.75) (16.63) 3 Months 55.40 (11.55) (20.85) 6 Months 54.20 (10.35) (19.10) 1 Year 63.30 (19.45) (30.73) Note: Based on previous day closing price.