GNFC has target of Rs 105: Thununguntla

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GNFC has target of Rs 105: Thununguntla

GNFC has target of Rs 105, says Jagannadham Thununguntla of SMC Global.

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ALSO READ See previous views by Jagannadham Thununguntla See what other Experts & Brokerages are saying about GNFC See messages about GNFC

GNFC has target of Rs 105, says Jagannadham Thununguntla of SMC Global.

Thununguntla told CNBC-TV18, "Gujarat Narmada Fertiliser Company (GNFC) is available at very-very reasonable valuations of 6 PE multiple. The company has posted about 17 times EPS, at the current price the company is appearing to be a very good bet and in the medium-term the stock can be reached around Rs 130-140 levels and I am playing for the day target price of Rs 105."

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