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GSFCL Reports 89% Drop in Q4 Profits Amid Tough Market Conditions

Gujarat State Fertilisers and Chemicals (GSFCL) reported an 89% drop in net profit to Rs 24.43 crore for Q4 2023-24. Total income fell 16.34% to Rs 2,017.46 crore due to external headwinds in fertilisers and industrial products. Despite challenges, the company maintains a strong financial position.

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Metal, PSU stocks lead market gains

Metal stocks are the top sectoral gainers in trade while PSU stocks also posted strong gains on Wednesday.The metal stocks index is up 2.8 per cent. SAIL is up 7 per cent, NMDC is up 5 per cent, while JSW Steel is up 3.7 per cent intra-day.PSU .