Buy GSFC, target price Rs 127: Yes Securities

Yes Securities has buy call on Gujarat State Fertilizer & Chemicals with a target price of Rs 127. The current market price of Gujarat State Fertilizer & Chemicals Ltd. is Rs 115.65. Time period given by analyst is Intra Day when Gujarat State Fertilizer & Chemicals Ltd. price can reach defined target.

Gujarat State Fertilizer & Chemicals Ltd., incorporated in the year 1962, is a Mid Cap company (having a market cap of Rs 4604.41 Crore) operating in Fertilisers sector.

Financials
For the quarter ended 31-03-2021, the company reported a Consolidated Total Income of Rs 1809.44 Crore, down -17.09 % from last quarter Total Income of Rs 2182.43 Crore and down -3.47 % from last year same quarter Total Income of Rs 1874.49 Crore. Company reported net profit after tax of Rs 151.63 Crore in latest quarter.

Investment Rationale
After losing 18 per cent from the previous month's high, the stock has swiftly rebounded from its support zone. The appearance of a bullish candle at the current juncture could mean resumption of an uptrend.


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