Espresso Shot of the Day - Gujarat State Fertilizers and Chemicals Ltd up by 7.47 percent

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Espresso Shot of the Day - Gujarat State Fertilizers and Chemicals Ltd up by 7.47 percent

April 01, 2022
Espresso Shot of the Day - Gujarat State Fertilizers and Chemicals Ltd up by 7.47 percent

GUJARAT STATE FERTILIZERS & CHEMICALS LTD 174.10  (+7.47%) BSE – INE026A01025 | 1STAPRIL 2022


GSFC was incorporated in 1962 and its plants went into the production of fertilizers in 1967. In its very first decade of existence, GSFC became known for its path-breaking achievements. To name a few, it was the first industrial complex in the country set up in the joint sector, the first company to set up fertilizer plants within a short span of two years of getting requisite approvals. It was also the first industrial project to secure direct and active equity participation of farmers, the first fertilizer unit to get assistance from IDBI's Assistance Fund, and the first company to adopt the Steam Naphtha Reforming process for manufacturing of Ammonia. GSFC was originally conceived as a fertilizer company with an objective of providing agricultural boost to the farmers in Gujarat and making the state self-sufficient in fertilizers. Envisioning the market pulse well in time, with a structured diversification strategy, the company ventured into the foray of industrial chemicals segment. Having this objective in mind, the company's integrated complex at Vadodara has been designed and structured in such a way that it shall be more or less self-sustained by using the by-products generated by its group of fertilizer plants.


Recent Drivers

  • On Feb 10, 2022, Smt. Jayaben Thakkar resigned as an Independent Director of the Company
  • On Feb 01, 2022, the company reported Net Sales of Rs.2, 667.02 crores in December 2021, up 24.27% from Rs.2, 146.14 crores in December 2020.
  • On Feb 01, 2022, the company reported a Quarterly Net Profit of Rs.245.53 crores in December 2021, up 152.47% from Rs.97.25 crores in December 2020.
  • On Dec 28, 2021, India Ratings assigned a rating for the company’s Long Term Bank Facilities as IND AA+/stable and for Short Term Bank Facilities as IND A1+
  • On Dec 15, 2021, the company appointed Shri J p Gupta, lAS as Rotational Non - Independent Director on the Board of the Company
(Sources: BSE, Moneycontrol)


Technical Force*

  • S&P BSE 500 month till date gain up by 5.55%
  • Traded on new All-time high value of 175.90
  • Spurt in volume by more than 1.39 times compared to  e  previous vol. 3 months avg. volume: 216,539
  • Quantity traded: 767,357 | Deliverable Quantity: 165,212 (21.53%)
  • Stock price jumped by more than 110% from a one-year low level: 81.95 (Apr 01, 2021)
  • Daily RSI (14) is nearby Overbought territory today
  • 52-week-high: 175.90 | 52-week-low: 81.95


Key Pivot  (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

236.82

193.78

157.62

114.58

78.42

35.38

-

    -

Fibonacci Pivot

193.78

163.53

144.84

132.80

114.58

96.37

84.33

65.64

35.38


Today’s Close

174.10

SMA

BSE

10 DAY

155.15

20 DAY

145.63

50 DAY

134.33

200 DAY

122.78


Some Key Ratios (Source: BSE)

Market Cap: 6,937.49 Crores

PE: 9.50

OPM%: 15.19

ROE%: 7.15

Promoters holding%: 37.84

Prev. Close: 162.00

*Chart and Technical Force data from the Binge desktop app
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Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.