On Wednesday, National Fertilizers, Rashtriya Chemicals and Ferilizers, GSFC and Deepak Fertilizers soared 7-16% on the BSE. The Sensex ended almost unchanged over the previous day. The mid-cap index gained 0.2% and the small-cap index rose 0.45%.
Buy Gujarat State Fertilizer & Chemicals, target price Rs 158 : ICICI Direct
Within the Fertilizer stocks we remain constructive on GSFC which the brokerage expects to outperform as it has generated a breakout above the falling supply line joining the highs of Apr22 (|198) and Aug22 (|171), signalling resumption of up move and offers fresh entry opportunity.
GSFC is one of the best fertilizers and chemicals stock ignored by investors. At Rs. 130, it quotes at a PE multiple of just 4.5 against the industry average PE of 12.86 and quotes below its book value of Rs. 296
FPIs raise their holdings in 30 of the 50 listed PSUs
Foreign portfolio investors' (FPIs) stake in National Aluminium increased from 13.30% to 16.71% between January and June, while in Hindustan Aeronautics, their stake rose from 3.15% to 5.56%. In Oil India, FPIs increase their stake from 10.11% to 12.42%. Similarly, these investors increased their stake in RCF, BEML, Chennai Petro, Engineers India, Shipping Corporation, Bharat Dynamics, and Mazagon Dock, among others.
GSFC shuts down urea-II plant for safety; to face production loss of 10,400 tons neem urea
"Urea-II plant was operating normally at 105 per cent with Titanium MOC lined high pressure Urea Reactor (XUR-101) in service. On 16th July 2022 night shift, the leakage in the bottom thermo well of Urea Reactor (XUR-101) was noticed. "The required actions of safe plant shut down were immediately taken," the regulatory filing said.
About Company : is a public sector company promoted by the Government of Gujarat. It is engaged in manufacturing of various fertilizers and industrial products like plastics & synthetic rubbers and......read more
#GSFC : Short term uptrend started in GSFC last week. CMP 148.30. SL 10%. Target open. holding period 1 week to 1 month [This is my personal view, Consult your adviser or do your own analysis before you trade]
#GSFC looks to good for fresh buy /pyramiding above 127
The weekly charts are showing an attempt for breakout from sideways formations/consolidation ( 95-125) for about 3+months and the daily charts are recently showing higher high moves indicating strength
CBIC proposes huge anti dumping duty for Caprolactam - Big positive for GSFC
Final finding in the anti-dumping investigation concerning imports of “Caprolactam” originating in or exported from European Union, Korea RP, Russia and Thailand-reg. F. No. 6/39/2020-DG......read more