India's Deepak Fertilizers hits 3-month high; co to consider issue of bonds

Deepak Fertilisers and Petrochemicals

16/04/2019 05:19

** Deepak Fertilizers and Petrochemicals Corp Ltd  DPFE.NS 
jumps as much as 7.12 pct to 148.9 rupees, its highest since
Jan. 2
    ** The fertiliser manufacturer said on Monday it would
consider issue of foreign currency convertible bonds (FCCBs)
 urn:newsml:reuters.com:*:nFWN21X0NC
    ** Co's unit Smartchem Technologies to consider issue of
FCCBs worth $30 mln
    ** Stock has estimated PE of 7.54, well below sector average
of 24.21
    ** Over 647,574 shares change hands, compared with 30-day
avg of 228,976 shares

 ((harish.bhaskar.thomsonreuters.com@reuters.net))