GFSC, towards ATH, undervaluedStock has announced 10 rs dividend, Gujarat based PSU stock, stock has book value of rs 300+.
it is a highly undervalued stock, PE is half of industry PE.
Given best results this year.
Chemical sector has bottomed out and this is going to be strong candidate for value unlocking.
Stock can be chasing its Book value and trade close to 300 in 6-12 months.
It is giving highest ever dividend of rs 10, its last year dividend was 2rs.
In charts also stock is trading in ath territory.
GSFC trade ideas
GSFC –Flag Chart PatternKey Points:
- Trendline breakout with good volume
- RSI > 70
- 50,100,200 EMA crossed and good potential of up-move
- Volume above SMA
- Flag Chart Pattern formation
In Gujarati “ Bhav is Bhagwan ”
Disclaimer :
I am not a SEBI registered Analyst.
Please do your own Analysis before taking any trade/investment.
The above view is just for educational purpose only.
gsfcThe company reported profit before tax of Rs 508.84 crore in Q1 FY23, steeply higher than Rs 176.40 crore in in Q1 FY22.
GSFC is engaged in production of fertilizers and chemicals. GSFC is under the ownership of Ministry of Chemicals and Petro-Chemicals, Government of Gujarat. Gujarat State Invetments holds 37.84% in the company.
GSFC ( EDUCATIONAL PURPOSE ONLY)There is no guarantee in stock market and Nothing over week
Always Invest or trade according to your loss bearing capacity
STOCK TO WATCH FOR EDUCATIONAL PURPOSE ONLY
GUJRAT STATE FERTILISER AND CHEMICAL LIMITED with target of RS 195 CMP IS RS 190.55
STOP LOSS: ACCORDING TO YOUR RISK APPETITE OR @ RS 175
Disclaimer: I am not Sebi Registered. All my ideas/opinions and analysis are for your information and educational purposes only and it does not constitute any recommendation to buy or sell any stock or index. Use your own wisdom.
M B PANDEY
Student of Share Market since 2015
B.Sc. (MATHS & PHYSICS)
Disclaimer: I AM NOT SEBI REGISTERED
Breakout from channelGSFC has opened today morning with a gap up ( 7%)...breaking out of the channel pattern...targets marked...when stocks are consolidating by moving in a range ( box or rectangle pattern) for a period of time and suddenly break out from that it is a decisive move ( up or down). Let us wait and see how it pans out.