Gujarat Narmada Valley Fertilizers & Chemicals falls on weak March-qtr profit

Gujarat State Fertilizers & Chemicals

30/05/2019 06:25

** Shares of India's Gujarat Narmada Valley Fertilizers &
Chemicals Ltd  GNFC.NS  fall as much as 7.14% to 286.25 rupees,
their worst day since Feb 12
    ** Co on Wednesday reported over 70% y-o-y fall in March-qtr
profit; revenue slipped to 14.31 bln rupees ($205.10 mln) from
17.64 bln rupees  urn:newsml:reuters.com:*:nFWN23504L
    ** Peer Gujarat State Fertilizers  GSFC.NS  also reported
fall in March-qtr profit last week
    ** Broader NSE index  .NSEI  up 0.5%
    ** GNFC shares down 9.63% this year as of last close
    
($1 = 69.7725 Indian rupees)

 (Reporting by Derek Francis in Bengaluru)
 ((derek.francis@thomsonreuters.com; within U.S. +1 646 223
8780, outside U.S. +91 80 6749 2100; Reuters Messaging:
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