RCF shares jump 3% after board approves Rs 1,500 crore FPO

Rashtriya Chemicals and Fertilizers (RCF) shares rose 3 percent after its board approved raising up to Rs 1,500 crore through a Further Public Offering (FPO) via fresh equity shares, subject to approvals from shareholders, the Department of Fertilizers, the Government of India, and DIPAM. The board also cleared amendments to the Main Objects Clause and revised Memorandum of Association. The stock has a market cap of Rs 7,221 crore and trades around 18 percent below its 52-week high of Rs 164.49. For the March 2026 quarter, consolidated revenue surged 49.5 percent YoY to Rs 5,649 crore while net profit jumped 157.7 percent YoY to Rs 187 crore; FPI stake edged up to 2.60 percent from 2.50 percent sequentially.