India's Gujarat State Fertilizers hits near 3-year low after lower Q1 profit

Gujarat State Fertilizers & Chemicals

07/08/2019 06:01

** Shares of Gujarat State Fertilizers & Chemicals Ltd
 GSFC.NS  fall as much as 4.3% to 73.5 rupees, their lowest
since Sept 29, 2016
    ** The fertilizer and industrial chemical manufacturer
posted a 10.5% fall in June-qtr profit to 633.3 mln rupees 
($8.93 mln) 
    ** Co's est PE of 5.39, below sector avg of 5.96      
    ** Up to last close, stock down 34% this year, while peer
Gujarat Narmada Valley Fertilizers & Chemicals  GNFC.NS  down
41%     

    ($1 = 70.9350 Indian rupees)

 (Reporting by Harish Bhaskar in Bengaluru)
 ((Harish.Bhaskar@thomsonreuters.com; +91 9886782831; Reuters
Messaging: harish.bhaskar.thomsonreuters.com@reuters.net))