Gu­jarat Nar­mada Val­ley Fer­til­iz­ers & Chem­i­cals Ltd

Money Times - - Stock Picks | Stock Scan -

(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.

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