Gujarat Narmada Valley Fertilizers & Chemicals Ltd
(BSE Code: 500670) (CMP: Rs.402.95) (FV: Rs.10)
Gujarat Narmada Valley Fertilizers & Chemicals (GNFC) looks attractive at Rs.390-400 for a price target of Rs.406-413418-424-430-435 in the short-term. Its support levels are placed at Rs.372-376. The stock is available at a P/E of 6.89x v/s industry P/E of 13.40x. With share book value of Rs.286.84, its P/BV works out to just 1.40x. GNFC has reported good results of late. Its Q1FY19 results are also encouraging with 51% YoY growth in top-line and 179% YoY growth in the bottom-line. The stock has the potential to touch Rs.480-525-545 in the next two years.