Trending stocks: RCF share price climbs over 6% in early trade

NEW DELHI: Shares of Rashtriya Chemicals & Fertilizers Ltd. traded 6.35 per cent up in Wednesday 's trade at 10:14AM (IST). Around 359671 shares changed hands on the counter.

The stock opened at Rs 42.25 and touched an intraday high and low of Rs 43.25 and Rs 41.6 , respectively, in the session so far. The stock quoted a 52-week high of Rs 68.35 and a 52-week low of Rs 22.5 .

Rashtriya Chemicals & Fertilizers Ltd., incorporated in the year 1978, is a Mid Cap company (having a market cap of Rs 2173.65 Crore) operating in Fertilisers sector.


Key Financials

The company reported consolidated sales of Rs 2225.87 crore for the quarter ended 31-Dec-2019 , down -9.39 per cent from previous quarter's Rs 2456.6 crore and down -5.42 per cent from the year-ago quarter's Rs 2353.52 crore.

Bottomline for the latest quarter stood at Rs 78.42 crore, 69.96 per cent from the corresponding quarter last year .

Shareholding pattern
As of 31-Mar-2020 , DIIs held 0.0032618067 per cent stake in the firm , while foreign institutional investors held 1.2264832 per cent and the promoters 75.00061 per cent.

Valuation ratio

According to BSE data, the stock traded at a price-to-earnings multiple of 20.68 and a price-to-book ratio of 54.92 .A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for 'nil' growth in the business.

Rashtriya Chemicals & Fertilizers Ltd. belongs to the Fertilisers industry.