52-week high stock: Don't miss action in this trending fertilizer stock
Shares of Rashtriya Chemicals and Fertilizers Ltd were trading at a new 52-week high, at Rs 116.50 after surging more than 11 per cent on the session.
Shares of Rashtriya Chemicals and Fertilizers Ltd were trading at a new 52-week high, at Rs 116.50 after surging more than 11 per cent on the session. Fresh buying was seen in the stock as the volume spurt by more than 6 times in the morning session.
The stock is attracting the investors due to fabulous results posted by the company for the quarter ended September 30, 2022. The revenue witnessed a growth of 107 per cent, whereas net profit increased by 122 per cent, compared to same quarter of previous financial year. It has delivered profit growth of 27.6 per cent CAGR over the past 5 years.
Rashtriya Chemicals and Fertilizers Ltd is owned by the Government of India and is engaged in the manufacturing of fertilizers and industrial chemicals. The products include Urea, Bio-Fertilizers, Micro-nutrients, water soluble fertilizer and are majorly used in the agriculture sector. The company also exports its products and sells them under the brand name of third party in various countries. It maintains a healthy dividend payout of 49.9 per cent. FIIs have substantially increased their stake in the company in the last four quarters, whereas promoters' shareholding has remained constant for the period.
Investors with low-risk appetite and looking for high dividends can watch out for this stock in upcoming sessions.