Sell Gujarat Narmada Valley Fertilizers & Chemicals, target price Rs 476: Nuvama Wealth brokerage

Nuvama Wealth brokerage has sell call on Gujarat Narmada Valley Fertilizers & Chemicals with a target price of Rs 476.The current market price of Gujarat Narmada Valley Fertilizers & Chemicals is Rs 515.1.Nuvama Wealth brokerage recommended to keep stop loss at Rs 544.

Gujarat Narmada Valley Fertilizers & Chemicals, incorporated in the year 1976, is a Small Cap company (having a market cap of Rs 7986.19 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 31-12-2022, the company has reported a Consolidated Total Income of Rs 2750.00 Crore, up 2.92 % from last quarter Total Income of Rs 2672.00 Crore and up 13.24 % from last year same quarter Total Income of Rs 2428.48 Crore. Company has reported net profit after tax of Rs 324.00 Crore in latest quarter.

The company’s top management includes Mr.Anil Mukim, Mr.Pankaj Joshi, Mr.Mukesh Puri, Mrs.Gauri Kumar, Mrs.Mamta Verma, Prof.Ranjan Kumar Ghosh, Mr.Sunil Parekh, Mr.Piruz Khambatta. Company has SRBC & Co LLP as its auditors. As on 31-12-2022, the company has a total of 16 Crore shares outstanding.

Investment Rationale
After nearly 60 trading days, stock has given a daily and weekly closing below Rs 515 level.

Promoter/FII Holdings
Promoters held 41.18 per cent stake in the company as of December quarter, while FIIs owned 20.47 per cent, DIIs 4.77 per cent.