GNFC bucks trend, hits life-time high on gaining 3%; up 33% in one month

The stock hit a new high of Rs 604.40, and has rallied 80 per cent in the past six months, as compared to a 6.6 per cent decline on the Sensex.

Shares of Gujarat Narmada Valley Fertilizers & Chemicals Limited (GNFC) hit a new high of Rs 604.40, up 3 per cent on the BSE in Friday’s intra-day trade bucking the trend in an otherwise weak market. The S&P BSE Sensex was down 1.4 per cent at 54,320 at 09:58 am.

In the past one month, the stock of the fertilizer and chemical company has zoomed 33 per cent after the company reported a robust set of numbers for the quarter ended December 2021 (Q3FY22). In comparison, the benchmark index was down 7.4 per cent during the same period. In