GNFC share price hit 52-week high of Rs.183.25 on the NSE today after the company said that it had entered into a joint venture (JV) to set up a wet lime project in Bharuch at a cost of Rs.50 cr.
Gujarat Narmada Valley Fertilizers and Chemicals Limited (GNFC) along with Santosh Agrochem LLP will set up about 345 MTPD purified wet lime project in a phased manner at Bharuch to be implemented via a Joint Venture Company in the name of Calciwell Chemtech Private Limited at an estimated cost of Rs.50 cr, it said in a filing to the Bombay Stock Exchange (BSE). Gujarat Narmada Valley Fertilizers & Chemicals Limited (GNFC) is promoted by GSFC - Gujarat Government and the Gujarat State Fertilizers & Chemicals Ltd. It was set up in Bharuch, Gujarat in the year 1976.
As of 11:01 am, the trading volumes on the stock exchange counter stood 717804 with a traded value of Rs.1282.64. Meanwhile, GNFC share price was trading 4.98 per cent up at Rs.181.15 on the National Stock Exchange (NSE) today. The scrip opened at Rs.173 from a previous closing of Rs.172.55.
The stock has an ADM or Average Daily Movement of 7.20. Its average volume of 20 days stands at 558649. The market cap of Gujarat Narmada Valley Fertilizers & Chemicals amounts to Rs.2681.75 (Cr) while the book value stands at 171.74.
Key Financial Ratios of GNFC:
| Sl no. | Name | Ratio |
| 1 | Current Ratio (x) | 2.01 |
| 2 | Quick Ratio (x) | 1.59 |
| 3 | Dividend yield (%) | 1.15 |
| 4 | Interest Coverage ratio (x) | 2.69 |
| 5 | Debt equity ratio (x) | 1.32 |
| 6 | Return on Asset (%) | 3.01 |
| 7 | Return on Equity (%) | 8.60 |
Please pay a visit to GNFC share price for more details on the fundamentals of the stock and its resistance and support levels.
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