Shares of Gujarat Narmada Valley Fertilisers & Chemicals Ltd. declined the most in six months after the second-quarter profit declined.
The fertilizer and chemical company's consolidated net profit declined 16% to Rs 237 crore in the quarter ended September, according to its exchange filing.
Gujarat Narmada Valley Fertilizers & Chemicals Q2 FY23 (Consolidated, YoY)
Revenue up 23% at Rs 2,587 crore.
Ebitda fell 28% at Rs 309 crore.
Ebitda margin 12% versus Rs 21%
Share prices of Gujarat Narmada Valley Fertilizers & Chemicals fell 9.04% to Rs 612.80 apiece as of 11:39 a.m., while the benchmark Nifty 50 advanced 1.60% on the NSE.
-
Indian Markets Turning Corner After Two Tough Years, Says Sandeep Tandon -
NDTV Profit Ignite 2026: Experts See Opportunity In Equities, Stay Bullish For Long-Term -
Buy Right, Sit Tight Does Not Work for Individual Stocks, Says Dinshaw Irani -
'Worst Is Behind': Quant MF Sees Market Bottom, Flags 'Extreme Euphoria' In Midcaps -
India's Mutual Fund Industry Could Become A $1 Trillion Opportunity, Say Fund Managers -
'Foreign Investors Are Baraatis': Raamdeo Agrawal's Take On LTCG Tax -
Stay Invested Through Market Cycles: Raamdeo Agrawal at NDTV Profit Ignite -
Ramesh Damani Remains Bullish On India For Next 20-30 Years, Sees Bargains Amid Market Weakness -
CAS Came After A Long Consultation Process: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFIT IGNITE -
Aim To Cut FPI Onboarding Time From Mth To Five Days: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFI
The total traded quantity is 5.8 times the 30-day average. The relative strength index of the stock is 27, which indicates that the stock might be oversold.
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.