Buy Gujarat Narmada Valley Fertilizers & Chemicals, target price Rs 725: Kotak Securities

Kotak Securities Limited has buy call on Gujarat Narmada Valley Fertilizers & Chemicals with a target price of Rs 725.
The current market price of Gujarat Narmada Valley Fertilizers & Chemicals Ltd. is Rs 703.35.

Gujarat Narmada Valley Fertilizers & Chemicals Ltd., incorporated in the year 1976, is a Small Cap company (having a market cap of Rs 10942.26 Crore) operating in Fertilisers sector.


Gujarat Narmada Valley Fertilizers & Chemicals Ltd. key Products/Revenue Segments include Chemicals, Fertilizers and Others for the year ending 31-Mar-2022.


Financials
For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 2772.38 Crore, down -2.12 % from last quarter Total Income of Rs 2832.35 Crore and up 92.89 % from last year same quarter Total Income of Rs 1437.25 Crore. Company reported net profit after tax of Rs 568.95 Crore in latest quarter.

Investment Rationale
Bullish piercing candlestick formation near important retracement zone suggest uptrend to resume

Promoter/FII Holdings
Promoters held 41.18 per cent stake in the company as of 30-Sep-2022, while FIIs owned 22.66 per cent, DIIs 4.97 per cent.