India's Gujarat State Fertilizers & Chemicals rises after higher quarterly profit
** Shares of Gujarat State Fertilizers & Chemicals Ltd GSFC.NS rise as much as 7.1% to 197.25 rupees ** Co reported 8.7% y/y rise in Q2 consol net profit, rev up 21% ** Co says Q2 growth largely driven by fertilizer segment with 21% increase in revenue, supported by higher sales volumes ** Adds, softer prices of natural gas and ammonia provided partial relief ** Stock set to snap 5 days of losses ** More than 3.5 mln shares traded as of 10:01 a.m. IST, 5.4x their 30-day moving avg ** GSFC last up 5.8%, cutting YTD losses to 6.8% (Reporting by Meenakshi Maidas in Bengaluru) ((meenakshi.maidas@thomsonreuters.com;))
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