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Buy Gujarat Narmada Valley Fertilizers & Chemicals, target Rs 510: Kunal Bothra

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Independent analyst Kunal Bothra has a buy call on Gujarat Narmada Valley Fertilizers & Chemicals Ltd. with a target price of Rs 510.0 . The current market price of Gujarat Narmada Valley Fertilizers & Chemicals Ltd. is Rs 486.15. Time period given by the analyst is Intra Day when Gujarat Narmada Valley Fertilizers & Chemicals Ltd. price can reach defined target. Kunal Bothra recommended to keep stoploss at Rs 470.

Gujarat Narmada Valley Fertilizers & Chemicals Ltd., incorporated in 1976 is a mid-cap company with a market cap of Rs 7555.68 crore.
Gujarat Narmada Valley Fertilizers & Chemicals Ltd. key Products/Revenue Segments include Chemicals which contributed Rs 3061.65 Crore to Sales Value (61.91 % of Total Sales), Fertilizers which contributed Rs 1685.12 Crore to Sales Value (34.07 % of Total Sales) and Others which contributed Rs 198.04 Crore to Sales Value (4.00 % of Total Sales)for the year ending 31-Mar-2017.

For the quarter ended 31-03-2018, the company has reported a Standalone sales of Rs 1764.37 Crore, up 10.90 % from last quarter Sales of Rs 1590.89 Crore and up 46.61 % from last year same quarter Sales of Rs 1203.42 Crore Company has reported net profit after tax of Rs 328.98 Crore in latest quarter.

The companys top management includes Dr.J N Singh, Dr.Rajiv Kumar Gupta, Mr.C S Mani, Mr.Piruz Khambatta, Mr.Sunil Parekh, Mr.V D Nanavaty, Mrs.Mamta Verma, Prof.Arvind Sahay. Company has SRBC & Co LLP as its auditoRs As on 31-03-2018, the company has a total of 155,418,783 shares outstanding.

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