/ FACT Soars Nearly 20% To Hit 52-Week High ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Thursday, 27 April 2017

Fertilisers and Chemicals Travancore Limited (FACT) soared nearly 20% to breech its upper circuit limit of Rs 49.35 per share, as the Fertiliser Minister said that the government has provided Rs 1000 crore credit line to the company’s plant.

The stock of the company soon after reacted positively, and witnessed a huge spurt in volumes by more than 8.39 times. The stock during the trade, hit its fresh 52-week high of Rs 49.35 per share, on the BSE.

The Minister also added that, FACT will soon turn profitable, and has started reporting operating profits, said a leading news channel. The stock on the NSE has delivered 90% returns in a period of one year, outperforminng the BSE Small cap and Nifty commodities indices over the same time span.

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