Published on 14/09/2018 11:56:38 AM | Source: Dion Global Solutions Ltd

RCF zooms 18% as govt approves new crop procurement policy

Shares of Rashtriya Chemicals and Fertilizers (RCF) rallied nearly 18 per cent on Bombay Stock Exchange after the government approved a new procurement policy on MSP (minimum support prices). Cheering the news, shares of the company gained as much as 17.85 per cent to touch an intra-day high of Rs 79.85 apiece on the Bombay Stock Exchange.

In a similar trend, stocks of the firm were trading at Rs 74.30 apiece, up 9.43 per cent, on the National Stock Exchange. Meanwhile, the broader benchmark BSE Sensex was trading at 37,959.19, up 241.30 points, or 0.64 per cent, from previous close on the BSE at 11:10 hours.