India's Gujarat Narmada Valley gains on quarterly profit jump

Gujarat Narmada Valley Fertilizers & Chemicals

26/05/2025 05:44

** Shares of Gujarat Narmada Valley Fertilizers & Chemicals GNFC.NS rise 6.6% to 547 rupees

** Co posts a 62.3% Y/Y rise Q4 consol net profit to 2.11 billion rupees ($24.83 million)

** GNFC results helped by a decline in raw material costs and improved chemical segment performance

** Over 3.4 mln shares traded, 5.6x 30-day moving average

** Stock down 4% YTD

($1 = 84.9930 Indian rupees)

 (Reporting by Rudra Pratap Singh in Bengaluru)

 ((rudrapratap.singh@thomsonreuters.com))