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    Buy Gujarat State Fertilizer & Chemicals, target price Rs 123: Yes Securities

    Synopsis

    Gujarat State Fertilizer & Chemicals Ltd., incorporated in the year 1962, is a Mid Cap company (having a market cap of Rs 4656.21 Crore) operating in Fertilisers sector.

    Company reported net profit after tax of Rs 151.63 Crore in latest quarter.
    Yes Securities has buy call on Gujarat State Fertilizer & Chemicals with a target price of Rs 123. The current market price of Gujarat State Fertilizer & Chemicals Ltd. is Rs 116.9. Time period given by analyst is Intra Day when Gujarat State Fertilizer & Chemicals Ltd. price can reach defined target.

    Gujarat State Fertilizer & Chemicals Ltd., incorporated in the year 1962, is a Mid Cap company (having a market cap of Rs 4656.21 Crore) operating in Fertilisers sector.

    Financials
    For the quarter ended 31-03-2021, the company reported a Consolidated Total Income of Rs 1809.44 Crore, down -17.09 % from last quarter Total Income of Rs 2182.43 Crore and down -3.47 % from last year same quarter Total Income of Rs 1874.49 Crore. Company reported net profit after tax of Rs 151.63 Crore in latest quarter.

    Did you Know?

    Stock score of Gujarat State Fertilizers and Chemicals Ltd moved up by 3 in 3 months on a 10-point scale.

    View Latest Stock Report »

    Investment Rationale
    With a sustained move above its short-term averages, an intraday decline found renewed buying interest. Sustenance above Rs 115 could lift the stock towards its June high.
    (Disclaimer: Views and recommendations given in this section are the analysts' own and do not represent those of ETMarkets.com. Please consult your financial adviser before taking any position in the stock/s mentioned.
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