FACT Share Price Jumps Over 8%, Volumes Soar on November 29, 2024

On Friday, November 29, 2024, the share price of Fertilisers & Chemicals Travancore (FACT) Ltd. witnessed a sharp rise, surging over 8% intraday. The stock opened at Rs 894.95 on the NSE, dipped to an intraday low of Rs 887.15, and climbed to a high of Rs 970. This marked the eighth consecutive session of gains, pushing the stock to a fresh 8-week high. For the current week, the stock recorded a remarkable 17% growth.

Volume Spike Reflects Growing Interest

The stock’s rally on Friday was supported by a significant surge in trading volumes. Over 18.35 lakh shares changed hands, nearly six times the 10-day average, and the highest in over a month. Such robust activity highlights growing investor interest in the company.

Technical Indicators Signal 

FACT Ltd is trading above its key moving averages—20-day, 50-day, and 200-day—indicating sustained bullish momentum. These technical signals often reflect strong market sentiment and confidence among traders.

Shareholding Pattern and Dividend History

• Majority Shareholding: The President of India holds 90% of the company’s shares, leaving less than 1% for the public. However, public shareholding has increased slightly, rising from 0.88% in the June 2024 quarter to 0.93% in September 2024.
• Dividend and ROE: FACT boasts a solid return on equity (ROE) of 56.4% over three years and maintains a healthy dividend payout ratio of 17.8%.

Legacy Of Fertilisers & Chemicals Travancore (FACT)

Founded in 1943, FACT Ltd was the first large-scale fertiliser plant in India, located in Udyogamandal, Kochi, Kerala. Initially established in the private sector by M/s Seshasayee Brothers, FACT transitioned into a public sector company in 1960, with the Government of India becoming the major shareholder in 1962. Under the administrative control of the Department of Fertilizers, FACT remains a key player in the Indian fertiliser industry.

FACT’s Journey Through Time

Over the decades, FACT has experienced its share of challenges and triumphs. Today, it stands as one of India’s largest fertiliser enterprises, showcasing the resilience and success of public sector undertakings in the country.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.