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Gujarat State Fertilizers trades in green on the bourses

  • Jun-12-2019
  • 15 Hrs IST

Gujarat State Fertilizers & Chemicals is currently trading at Rs. 101.80, up by 0.15 points or 0.15% from its previous closing of Rs. 101.65 on the BSE.

The scrip opened at Rs. 101.50 and has touched a high and low of Rs. 104.60 and Rs. 101.45 respectively. So far 93682 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 124.75 on 03-Sep-2018 and a 52 week low of Rs. 85.60 on 11-Oct-2018.

Last one week high and low of the scrip stood at Rs. 106.25 and Rs. 100.40 respectively. The current market cap of the company is Rs. 4056.50 crore.

The promoters holding in the company stood at 37.84%, while Institutions and Non-Institutions held 33.63% and 28.52% respectively.

Gujarat State Fertilizers and Chemicals (GSFC) is all set to resume the production at Ammonia - IV & Urea-II plants at Baroda Unit, which was temporarily shut down for repairs of Isothermal Shift Reactor top hemispherical head. The anhydrous Ammonia production is expected to start from June 13, 2019.

Ammonia-TV plant would be initially started at lower loads which would be gradually increased. Subsequently, Urea-II plant would also resume on availability of Co2 gas from Ammonia-IV plant.

GSFC is engaged in the manufacturing of fertilizers and industrial products. The company has created more than 24 brands of fertilizers, petrochemicals, chemicals, industrial gases, plastics, fibers and other products.