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Gujarat Narmada Valley Q4 earnings: Shares plunge 10%; Rs 30 dividend announced

Shares of Gujarat Narmada Valley Fertilizers & Chemicals Ltd slipped 10% today after the firm reported a 48% fall in Q4 net profit. Gujarat Narmada Valley stock fell 9.95% to Rs 589.5 against the previous close of Rs 654.65 on BSE. Market cap of the firm fell to Rs 9282.39 crore.  Total 2.60 lakh shares of the firm changed hands amounting to a turnover of Rs 16.20 crore.  The stock has fallen after three days.  The stock hit a 52-week high of Rs 148.70 on November 28, 2022 and fell to a 52-week low of Rs 87.45 on June 20, 2022.  

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EU Isocyanate Market Report: Trade, Prices, Industry Trends, and Forecast to 2030 - IndexBox

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AGR dues: TDSAT says public, private sector companies cannot be treated differently, exempt from paying their share of AGR

fertiliser stocks: Fertiliser stocks may get a re-rating with price hikes a possibility

Fertiliser stocks may get a re-rating with price hikes a possibility Expectations of a normal monsoon for the third consecutive year could boost demand for complex fertilisers. Companies in the segment could pass on the increase in higher input costs to maintain margins, said analysts. Synopsis Early in April, the government told fertiliser companies to roll back the hike in maximum retail price (MRP) of non-urea fertilisers after some firms raised prices. With state elections out of the way, investors are betting that prices will be increased. Shares of Chambal Fertilisers and National Fertilizers rallied over 10 per cent on Wednesday while most of the other fertiliser stocks gained between 5 per cent and 10 per cent.

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