FACT jumps over 7% on reports of revival plan
04/07/2014 10:46
Shares of Kochi-based Fertilizers and Chemicals Travancore Limited (FACT) rallied over 7 per cent in early trade on Bombay Stock Exchange (BSE) on media report that the government will provide about Rs 990 crore revival package for the ailing PSU company. According to PTI report, the Fertilizers Minister Ananth Kumar has proposed a package of about Rs 990 crore for the cash-strapped PSU company. Boosted by the development, shares of company gained as much as 7.59 per cent to trade at Rs 43.20 a piece on the BSE. In a similar fashion, shares of the company rose 5.85 per cent to Rs 42.50 a piece on National Stock Exchange. Meanwhile, the broader benchmark Sensex was quoting at 25,875.42, up 51.67 points or 0.20 per cent at 10.45 hours.
04/07/2014 10:46
Shares of Kochi-based Fertilizers and Chemicals Travancore Limited (FACT) rallied over 7 per cent in early trade on Bombay Stock Exchange (BSE) on media report that the government will provide about Rs 990 crore revival package for the ailing PSU company. According to PTI report, the Fertilizers Minister Ananth Kumar has proposed a package of about Rs 990 crore for the cash-strapped PSU company. Boosted by the development, shares of company gained as much as 7.59 per cent to trade at Rs 43.20 a piece on the BSE. In a similar fashion, shares of the company rose 5.85 per cent to Rs 42.50 a piece on National Stock Exchange. Meanwhile, the broader benchmark Sensex was quoting at 25,875.42, up 51.67 points or 0.20 per cent at 10.45 hours.
