Gujarat State Fertilisers tanks as plant shuts
Gujarat State Fertilisers stock tanked 0.08% at Rs 124.35 per share on BSE post lunch hours.
The company on Monday has announced that it has shut down its ammonia-IV plant on July 6, 2017 due to detection of leakage of high-pressure process gas from hot header of reformer box.
Urea-II plant was also shutdown due to non-availability of CO2 gas which is by-product of ammonia-IV plant. All other plants of GSFC are operational with a supply of ammonia from ammonia storage tanks.
Meanwhile, the stock has attracted a traded volume of 9,20,346 shares and a traded value of Rs 1,140.86 lakh on NSE.
As per market observers, the company has been maintaining a dividend payout of 22.73%.
Stock view:
Gujarat State Fertilizers & Chemicals Ltd is currently trading at Rs 123, down by Rs 1.45 or 1.17% from its previous closing of Rs 124.45 on the BSE.
The scrip opened at Rs 125.45 and has touched a high and low of Rs 125.45 and Rs 122.65 respectively. So far 1293812(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 4959.05 crore.
The BSE group 'A' stock of face value Rs 2 has touched a 52 week high of Rs 148.4 on 10-May-2017 and a 52 week low of Rs 67 on 03-Aug-2016. Last one week high and low of the scrip stood at Rs 127.4 and Rs 121.15 respectively.
The promoters holding in the company stood at 37.84 % while Institutions and Non-Institutions held 32.72 % and 29.44 % respectively.
The stock is currently trading below its 50 DMA.
The company on Monday has announced that it has shut down its ammonia-IV plant on July 6, 2017 due to detection of leakage of high-pressure process gas from hot header of reformer box.
Urea-II plant was also shutdown due to non-availability of CO2 gas which is by-product of ammonia-IV plant. All other plants of GSFC are operational with a supply of ammonia from ammonia storage tanks.
Meanwhile, the stock has attracted a traded volume of 9,20,346 shares and a traded value of Rs 1,140.86 lakh on NSE.
As per market observers, the company has been maintaining a dividend payout of 22.73%.
Stock view:
Gujarat State Fertilizers & Chemicals Ltd is currently trading at Rs 123, down by Rs 1.45 or 1.17% from its previous closing of Rs 124.45 on the BSE.
The scrip opened at Rs 125.45 and has touched a high and low of Rs 125.45 and Rs 122.65 respectively. So far 1293812(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 4959.05 crore.
The BSE group 'A' stock of face value Rs 2 has touched a 52 week high of Rs 148.4 on 10-May-2017 and a 52 week low of Rs 67 on 03-Aug-2016. Last one week high and low of the scrip stood at Rs 127.4 and Rs 121.15 respectively.
The promoters holding in the company stood at 37.84 % while Institutions and Non-Institutions held 32.72 % and 29.44 % respectively.
The stock is currently trading below its 50 DMA.
Gujarat State Fertilizers & Chemicals Ltd :-
BSE 122.90 [1.55] ([1.25]%)
NSE 123.05 [1.40] ([1.12]%)
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