A bullish morning star pattern at the trend line suggests a good risk reward trade in GNFC
As far SNCL is concerned, its diversification into various end-market applications holds promise and helps it to move beyond the commodity play
To implement the roadmap, government targets methanol production of at least 5 million tonne by 2021 which would initially be augmented through existing manufacturers.
Blockchain platform have inherent characteristics of distributed computing and ledger keeping of transactions i.e. confidentiality, authenticity, non-repudiation, data integrity, and data availability.
"We are bullish on Gujarat Narmada Valley Fertilizers & Chemicals (GNFC) as it is the largest and only Indian manufacturer of specialty chemicals such as TDI, has turned around completely," says Akash Jain, Vice-president, Equity Research at Ajcon Global Services.
Given the improving performance, healthier balance sheet quality and a positive guidance from the management, we expect traction in earnings to continue which could lead to a further re-rating of the stock.
The Gujarat government-promoted firm had posted a net profit of Rs 238 crore in the same quarter of 2016-17, GNFC said in a statement.
Rajat Bose of rajatkbose.com recommends buying Gujarat Alkalies, GNFC and Cipla.
The focused budgetary measures directed at rural India aim to realize the 2022 goal and give the desired push in an election year –thereby killing two birds in one shot.
GNFC reported excellent traction in its earnings (PAT: 241% YoY) aided by 40 percent topline growth, EBITDA margin expansion (+906 bps) and lower interest expense. This was mainly led by Chemicals division
Ashwani Gujral of ashwanigujral.com recommends buying TV Today, UltraTech Cement and Tata Steel.
Nifty on Tuesday was trading in the green up 22.85 points at 10, 012 led by Reliance Industries, Infosys and Lupin which were among the top gainers, up 1.58 percent, 1.34 percent and 2.29 percent respectively.
"After realising a good potential for GNFC's FMCG products, we have decided to increase the product range of neem-based items. The launching of neem handwash, shampoo and other derivatives will enable the company to achieve Rs 500 crore turnover in next three years," GNFC's managing director Rajiv Kumar Gupta told PTI.
According to Ashwani Gujral of ashwanigujral.com, one can buy PVR, Deepak Fertilizer and Raymond.
In an interview to CNBC-TV18, Suresh Warior, Director-Finance at Rashtriya Chemicals and Fertilisers (RCF) detailed the impact of the new urea policy.
Prakash Gaba of prakashgaba.com advises holding GNFC.
Gujarat Narmada Valley Fertilisers & Chemicals (GNFC) Ltd today reported 22 per cent increase in standalone net profit at Rs 66.77 crore for the December quarter of the current fiscal.
In an interview to CNBC-TV18, AM Tiwari, MD of Gujarat State Fertilizers & Chemicals (GSFC) spoke about the results and his outlook for the company.
In an interview with CNBC-TV18, Rajiv Kumar Gupta, MD of the company, said in the second quarter of this fiscal year the company declared a profit of Rs 228 crore. This is the highest-ever single profit declared by the company since its inception in 1982.
The company along with Santosh Agrochem LLP will set up "about 345 MTPD purified wet lime project in a phased manner at Bharuch to be implemented through a JV Company in the name of 'Calciwell Chemtech Pvt Ltd' at an estimated cost of Rs 50 crore," it said in a filing to the BSE.
In an interview to CNBC-TV18, Rajiv Kumar Gupta, MD of Gujarat Narmada Valley Fertilizers & Chemicals (GNFC) said that changes in government policy led to lower revenue for fertiliser segment.
Gujarat Narmada Valley Fertilizers & Chemicals has reported a sales standalone turnover of Rs 1,367.96 crore and a net profit of Rs 107.64 crore for the quarter ended Dec '13
Gujarat Narmada Valley Fertilizers & Chemicals has reported a sales standalone turnover of Rs 1,194.70 crore and a net profit of Rs 74.67 crore for the quarter ended Sep '13
Pritesh Mehta, Senior Technical Analyst at IIFL feels that above Rs 54, Orchid Chemicals and Pharmaceuticals can hit the levels of Rs 58-59 in next couple of days.