GNFC Ltd up by 12.74 percent | Espresso

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Espresso shot of the day – Gujarat Narmada Valley Fertilizers and Chemicals Ltd up by 12.74 percent

April 27, 2021
Espresso shot of the day – Gujarat Narmada Valley Fertilizers and Chemicals Ltd up by 12.74 percent

GUJARAT NARMADA VALLEY FERTILIZERS AND CHEMICALS LTD 349.45 (+12.74%) BSE – INE113A01013 | 27TH APRIL 2021

Gujarat Narmada Valley Fertilizers & Chemicals Limited. (GNFC), is a joint sector enterprise promoted by the Government of Gujarat and the Gujarat State Fertilizers & Chemicals Limited.(GSFC). It was set up in Bharuch, Gujarat in 1976. Located at Bharuch in an extremely prosperous industrial belt, GNFC draws on the resources of the natural wealth of the land as well as the industrially rich reserves of the area.  GNFC started its manufacturing and marketing operations by setting up in 1982, one of the world's largest single-stream ammonia-urea fertilizer complexes. Over the next few years, GNFC successfully commissioned different projects - in fields as diverse as chemicals, fertilizers and electronics. Since inception, GNFC has worked towards an extensive growth as a corporation. A growth which respects the environment and springs from the progressive vision of GNFC. GNFC today has extended its profile much beyond fertilizers through a process of horizontal integration. Chemicals/Petrochemicals, Energy Sector, Electronics/Telecommunications and Information Technology form ambitious and challenging additions to its corporate portfolio. GNFC has an enterprising, strategic view towards expansion and diversification.

Recent Drivers

  • Gujarat Narmada Valley Fertilizers & Chemicals Limited, which had started supplying medical oxygen for Covid-19 for free, has ramped up its facility within a week. Earlier they were supplying 10,000 litres of medical grade liquid oxygen daily, but now it has increased to 30,000 litres.
  • According to CARE Ratings, the rural demand and markets has been buoyed and very promising despite the coronavirus pandemic and macroeconomic uncertainty. This has translated in improving the underlying macros for the Indian fertilizer industry.
  • Gujarat Narmada Valley Fertilizers & Chemicals Limited reported quarterly net profit at Rs 242.59 crores in December 2020 up 113.75% from Rs 113.49 crores in December 2019.
  • Gujarat Narmada Valley Fertilizers & Chemicals Limited reported net sales at Rs 1,508.24 crores in December 2020 up 18.05% from Rs 1,277.66 crores in December 2019.


(Sources: The Times of India, Moneycontrol, Business Standard)

Technical Force*

  • S&P BSE 500 month till date gain up by 0.39%
  • Traded on new 52 Week High value 353.30
  • Spurts in volume by more than 4.94 times compares to previous vol. 3 months avg volume – 1,37,304
  • Quantity traded 4,63,220 Deliverable quantity 1,13,046 (24.40%)
  • Stock price has jumped more than 180 % from one year low level – 124.25, 27 May 2020
  • Daily RSI(14) is near overbought territory today
  • 52- week high- 353.30 | 52- week low- 124.25

Key Pivot  (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

445.77

350.13

286.97

191.33

128.17

32.53

-

-

Fibonacci Pivot

350.13

289.47

251.99

227.86

191.33

154.81

130.67

93.19

32.53


Today’s Close

349.45

SMA

BSE

10 DAY

312.72

20 DAY

309.80

50 DAY

291.98

200 DAY

225.61

Some Key Ratios (Source: BSE)

Market Cap: 5431.11 crores

PE: 8.77

OPM%: 26.97

ROE%: 11.55

Promoters holding : 41.18

Prev. Close: 309.95

*Chart And Technical Force data taken 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.