The company reported a disappointing Q4 on the back of weak performance of the sugar segment which is expected to remain a drag on the overall profitability in the coming year.
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.
Gujarat Narmada Valley Fertilizers & Chemicals Ltd had filed the application before the Directorate General of Anti- dumping and Allied Duties (DGAD) for initiation of anti- dumping investigations on imports of 'Toluene Di-Isocyanate' (TDI).
In an interview to CNBC-TV18's Latha Venkatesh, Sonia Shenoy and Anuj Singhal, Prakash Diwan of Altamount Capital Management shared his reading and outlook on the fundamentals of the market and also gave recommendations on various stocks.
The TDI (Toluene Di-Isocyanate) plant of GNFC at Rahiad village near Dahej in Bharuch, about 100 kms from here, was shut on November 2 late night after there was mechanical failure in a chemical reactor causing leakage of the poisonous phosgene gas.
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