GNFC 100% RETURN & result update & Updated call

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Dear blog readers
GNFC UPDATE (100% RETURN till date) 


GNFC recently made  new 52 week new high of 548.50...

Recommended at 278.40 on 27/10/2016
 
Link to call :- https://hiteshyadav.blogspot.in/2016/10/gujarat-narmada-valley-and-fertilizer.html 

GNFC WAS TODAY 10% DOWN DUE TO RESULT IMPACT...

Result Q2 FY17 :- 

The company has reported net sales of Rs.1530.28 crores during the period ended September 30, 2017 as compared to Rs.1540.50 crores during the period ended September 30, 2016.

The company has posted net profit of Rs.166.11 crores for the period ended September 30, 2017 as against Rs.165.48 crores for the period ended September 30, 2016. 

Posted the highest ever quarterly net profit for the quarter ended September 2017.

The company has reported EPS of Rs.10.69 for the period ended September 30, 2017 as compared to Rs.10.65 for the period ended September 30, 2016.

The company has reported net sales of Rs.2618.25 crores during the 6 months period ended September 30, 2017 as compared to Rs.2509.30 crores during the 6 months period ended September 30, 2016.

The company has posted net profit of Rs.232.66 crores for the 6 months period ended September 30, 2017 as against Rs.216.10 crores for the 6 months period ended September 30, 2016.

The company has reported EPS of Rs.14.97 for the 6 months period ended September 30, 2017 as compared to Rs.13.91 for the 6 months period ended September 30, 2016.

OVERALL RESULT IS FLAT..

TODAY'S FALL IS JUST LIKE PROFIT BOOKING AND MARKET SENTIMENT.


RECENT NEWS :- 

AS ACITIC ACID PRICES INCREASE AND COMPANY HAS RESTARTED OPERATION AT TDI-2 IS BIG POSITIVE NEWS FOR THE COMPANY.

ICRA HAS UPGRADED RATING OF GNFC FROM AA- TO AA RECENTLY IN AUGUST.

GOING TO BE DEBT FREE MOSTLY NEXT YEAR...


From my point of view HOLD/ACCUMULATE this stock..

It can make again its high of 550 and long term target 600+.

Thanks

Happy Investing......

Comments

  1. STOCK TIGERSDecember 11, 2017 at 5:39 AM

    Business Today (BT), India's leading business daily, has published BT-500, India's Most Valuable Companies list in its December, 2017 edition.

    The magazine has upgraded Gujarat Narmada Valley Fertilizers & Chemicals Ltd's (GNFC) ranking by 141 places from last year's 499th position to 358th position.

    The BT 500 rankings are based upon various financial parameters like Average Market Capitalization, Total Assets, Total Income, Net Profit, Debt etc.

    On PAT parameter, GNFC is ranked at 99th position, & on Total Income parameter, GNFC is ranked at 138th position. Also, when it comes to growth in Average Market Capitalization in the last one year, GNFC falls in Top 10. The database used by BT is that of CMIE among others.

    ReplyDelete

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