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GSFC

In the pre-Budget consultations with the finance minister, the agri sector had sought rationalisation of fertiliser subsidies and hike in investment for agricultural research.

Updated On: 22 Jul 2024 | 12:24 PM IST

Gujarat State Fertilisers and Chemicals (GSFCL) on Tuesday posted a sharp 89 per cent drop in consolidated net profit to Rs 24.43 crore for the fourth quarter of 2023-24 on poor sales. Its net profit stood at Rs 224.91 crore in the same quarter in the preceding fiscal. The total income fell 16.34 per cent to Rs 2,017.46 crore in the January-March quarter of 2023-24 from Rs 2,411.56 crore a year earlier, according to a regulatory filing. The company's expenses remained lower at Rs 1,993 crore in the period under review against Rs 2,105.74 crore a year ago. The company said FY24 was a challenging year due to external headwinds in fertilisers and industrial products segments. "FY23-24 was a challenging year for the company due to external headwinds in both fertilisers and industrial products segments," GSFCL said. However, with a high net-worth proportion in the overall balance sheet size and long-term debt-free position, the company has a strong financial position to fund its capex

Updated On: 21 May 2024 | 9:05 PM IST

Nifty continues to remain in a bullish trend and holding longs with trailing stoploss is the ideal strategy, says Vinay Rajani

Updated On: 20 Dec 2023 | 7:58 AM IST

The Nifty closed near its 5-day EMA support placed at 20,878 on Tuesday

Updated On: 13 Dec 2023 | 8:18 AM IST

Among individual stocks, Vinay Rajani, technical & derivative analyst of HDFC Securities, recommends a Buy on Union Bank and GSFC.

Updated On: 27 Sep 2023 | 7:47 AM IST

Analysts believe the move will create shareholder value

Updated On: 26 Apr 2023 | 9:38 AM IST

The state is consistently ranked among top three in terms of attracting capital investment including foreign direct investment

Updated On: 12 Mar 2023 | 9:16 PM IST

Shares of Coromandel International, Deepak Fertilisers, GSFC, Madras Fertilisers, National Fertilisers, RCF, and Zuari Agro Chemicals have soared up to 196 per cent so far this calendar year (CY22)

Updated On: 22 Dec 2022 | 10:04 PM IST

Going forward, higher Agri commodity prices, Government agriculture focus, the expectation of a normal monsoon and higher reservoir levels bodes well for agriculture.

Updated On: 22 Jul 2022 | 11:49 AM IST

Stocks to Watch Today: Bandhan Bank, Compton Greaves, HDFC AMC, HFCL, JSW Steel, Reliance Industries and UltraTech Cement to announce Q1 results on Friday.

Updated On: 22 Jul 2022 | 8:16 AM IST

Gas related stocks are likely to benefit from the price hike on commercial LPG; Charts indicate fresh highs for select shares.

Updated On: 01 Apr 2022 | 12:26 PM IST

Select stocks have soared more than 50 per cent in the last one month riding the commodity boom.

Updated On: 29 Mar 2022 | 2:43 PM IST

The technical analyst also expects the Nifty to rally to 17,484 to 17,794; the support is now raised up to 17,100 level.

Updated On: 23 Mar 2022 | 7:30 AM IST

The technical analyst expects the Nifty to turn bearish below 16,555; whereas on the upside sees resistance around 16,927 and 17,040 levels.

Updated On: 16 Mar 2022 | 7:47 AM IST

Deepak Fertilisers has broken out of the consolidation range of Rs 390 to Rs 340 levels, and can rally up to Rs 450-odd levels.

Updated On: 05 Jan 2022 | 12:47 PM IST

The 525-metric-tonnes-per-day unit was commissioned in 2013 and operated for 11 months before shutting down in April 2014 due to non-viability

Updated On: 02 Sep 2020 | 7:31 PM IST

The company's PAT for the corresponding period of the previous fiscal stood at Rs 97.91 crore, it said in a BSE filing.

Updated On: 18 Jun 2020 | 8:43 PM IST

As per weekly option data, handful of put writing on lower strikes ranging from 9,200 to 9,400 is seen which shows Nifty would witness firm support in sub 9,200 zone

Updated On: 14 May 2020 | 8:00 AM IST

The state-run company had clocked a net profit of Rs 792.3 million in the same quarter of the previous financial year

Updated On: 02 Nov 2018 | 4:45 PM IST