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World Bank Pension Trust invests in GNFC stock

Press Trust of India  |  New Delhi 

Narmada Valley Fertilizers and Chemicals (GNFC) has attracted many funds, including Trust, in the last few months due the consistent performance of the company promoted by government.

Usually, funds invest in fixed income securities rather than equity because of their obligation to take care of their members or contributors during their retirement.

Due to the company's sustainable performance, many and Trusts have invested in the company and the latest entrant in the list is the World Bank, which has purchased large chunk of the Guajarat firm's equity for their for staff retirement plan, GNFC MD said when asked about the development.

"as well as other have a very sophisticated and very stringent means of analysing the strength of equity investment on various technical parameters, both, quantitative and qualitative, Litmus Test," he said.

This is an evidence of expression of confidence by such reputed and well managed institutions in the growing strength of GNFC, while placing the hard earned of their investors, he said.

The retirement funds therefore, choose various assets classes which by nature are not very aggressive but have qualities of consistency, long term nature, safety and reliability as well as full of liquidity with fair returns.

As per the latest D&B's rankings GNFC has topped among all the government owned companies. Overall, the company is ranked at 129th position, registering a jump of 83 places, compared to last year's 212th rank. Of all these 17 companies, GNFC is the third best company of

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Sun, June 10 2018. 16:15 IST