Buy Gujarat Narmada Valley Fertilizers & Chemicals, target price Rs 730: Chandan Taparia

Chandan Taparia of Motilal Oswal has buy call on Gujarat Narmada Valley Fertilizers & Chemicals with a target price of Rs 730. The current market price of Gujarat Narmada Valley Fertilizers & Chemicals is Rs 697.95.


Gujarat Narmada Valley Fertilizers & Chemicals Ltd., incorporated in the year 1976, is a Small Cap company (having a market cap of Rs 10849.01 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
Price volume breakout and crossed its 50 DEMA.

Promoter/FII Holdings
Promoters held 41.18 per cent stake in the company as of 30-Jun-2022, while FIIs owned 22.66 per cent, DIIs 5.33 per cent.