Govt approves Navaratna, Rashtriya Chemicals shares surge
Rashtriya Chemicals shares climbed 6.79% to Rs 130.40 against the last close of Rs 122.10 on BSE. The market cap of the company rose to Rs 7039.54 crore.
Rashtriya Chemicals shares climbed around 7% today after the government gave Navratna status to the firm. Rashtriya Chemicals shares increased 6.79% to Rs 130.40 against the last close of Rs 122.10 on BSE.
The market cap of the company jumped to Rs 7039.54 crore. A total of 9.42 lakh stock of the company changed hands, amounting to a turnover of Rs 11.82 crore on BSE.
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Earlier, the share opened lower at Rs 121.10. Rashtriya Chemicals stock have earned 25.78 per cent in a year and dropped 3.74 per cent in 2023. The stock hit a 52-week high of Rs 144.80 on December 15, 2022, and a 52-week low of Rs 89.50 on March 28, 2023.
About technicals, Rashtriya Chemical’s shares relative strength index (RSI) stood at 64.5, signalling it’s neither trading in the overbought nor the oversold territory.
The share has a beta of 1.1, meaning high yearly volatility. Rashtriya Chemicals stock is trading more elevated than the 5-day, 20-day, 50-day, 100-day and 200-day moving averages.
