Gujarat Narmada Valley strengthens on incorporating JVC ‘EcoPhos GNFC India’

15 Mar 2016 Evaluate

Gujarat Narmada Valley Fertilizers & Chemicals is currently trading at Rs. 83.10, up by 0.30 points or 0.36% from its previous closing of Rs. 82.80 on the BSE.

The scrip opened at Rs. 82.90 and has touched a high and low of Rs. 84.50 and Rs. 81.40 respectively. So far 62,000 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 89.00 on 14-Jan-2016 and a 52 week low of Rs. 50.00 on 25-Aug-2015.

Last one week high and low of the scrip stood at Rs. 84.50 and Rs. 67.00 respectively. The current market cap of the company is Rs. 1,291.53 crore.

The promoters holding in the company stood at 41.21%, while Institutions and Non-Institutions held 28.05% and 30.74% respectively.

Gujarat Narmada Valley Fertilizers & Chemicals has incorporated a Joint Venture Company (JVC) in the name of ‘EcoPhos GNFC India’ on March 14, 2016 for setting up of 2,00,000 MTPA Di-Calcium Phosphate Project at Dahej. The company has incorporated JVC in joint venture with EcoPhos s.a. Belgium.

Gujarat Narmada Valley Fertilizers & Chemicals (GNFC) is a joint sector enterprise promoted by the Government of Gujarat and the Gujarat State Fertilizers & Chemicals (GSFC). It was set up in Bharuch, Gujarat in 1976. Located at Bharuch in an extremely prosperous industrial belt, GNFC draws on the resources of the natural wealth of the land as well as the industrially rich reserves of the area.


GNFC Share Price

562.75 7.05 (1.27%)
22-Nov-2024 14:36 View Price Chart
Peers
Company Name CMP
National Fertilizers 106.05
Coromandel Interntl. 1803.15
Chambal Fert & Chem 464.05
RCF 152.40
Paradeep Phosphates 104.90
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