RCF hits 52-week high; jumps over 18% in three days

23 Nov 2022 , 02:35 PM

Shares of RCF have surged 18.17% in three sessions. On the BSE, 32.38 lakh shares were traded in the counter so far compared with average daily volumes of 2.79 lakh shares in the past two weeks. The stock hit a 52-week high of Rs 119.10 today, 23 November 2022. The stock hit a 52-week low of Rs 66.45 on 29 November 2021. The stock had outperformed the market over the past one month, rising 5.20% compared with 2.65% rise in the Sensex. The scrip outperformed the market in past one quarter, climbing 17.53% as against Sensexs 4.50% rise. The scrip had also outperformed the market in past one year, soaring 41.74% as against Sensexs 5.05% rise. On the technical front, the stocks daily RSI (relative strength index) stood at 75. The RSI oscillates between zero and 100. Traditionally, the RSI is considered overbought when above 70 and oversold when below 30. On the daily chart, the stock was trading above its 50-day, 100-day and 200-day simple moving average (SMA) placed at 99.83, 94.95 and 90.88, respectively. RCF is engaged in the manufacturing and marketing of fertilizers and industrial chemicals. Its consolidated net profit surged 122.1% to Rs 261.91 crore and revenue from operations soared 113.4% to Rs 5,575.95 crore in Q2 FY23 over Q2 FY22. Powered by Capital Market – Live News