State Gujarat Financial News

Zuari Agro Chemicals Ltd.(up 4.27%), Mangalore Chemicals & Fertilizers Ltd.(up 3.09%), Chambal Fertilisers & Chemicals Ltd.(up 0.91%), Sikko Industries Ltd.(up 0.22%) and Khaitan Chemicals & Fertilizers Ltd.(up 0.21%) stood among the top gainers.

Top Gainers: Gujarat Narmada Valley Fertilisers & Chemicals (up 9.86%), Gujarat State Fertilizers & Chemicals (up 9.49%), Mahindra Holidays & Resorts (up 9.15%), Polyplex Corporation (up 7.99%), and Prestige Estates Projects (up 7.95%).Top Losers: PNB Housing Finance (down 5.92%), Alok Industries (down 3.56%), Power Finance Corp (down 3.54%), Hitachi Energy India (down 3.52%), and Tube Investments Of India (down 3.45%).Top Gainers: Gujarat Narmada Valley Fertilisers & Chemicals (up 9.84%), Gujarat State Fertilizers & Chemicals (up 9.52%), TVS Supply Chain Solutions (up 7.92%), Prestige Estates Projects (up 7.84%), and Sonata Software (up 6.93%).Top Losers: PNB Housing Finance (down 5.74%), Sanofi India (down 3.74%), Alok Industries (down 3.66%), Power Finance Corp (down 3.59%), and Hitachi Energy India (down 3.54%).Source: [BSE Top Gainers](https://www.livemint.com/market/bse-top-gainers), [BSE Top Losers](https://www.livemint.com/market/bse-top-losers), [NSE Top Gainers](https://www.livemint.com/market/nse-top-gainers), [NSE Top Losers](https://www.livemint.com/market/nse-top-losers).Milestone Alert! Livemint tops charts as the fastest growing news website in the world

FACT (The Fertilisers and Chemicals Travancore) were locked in the 20% upper circuit limit at ₹1,093 apiece, resulting in a gain of nearly 71% in just 11 sessions. Similarly, other stocks such as Rashtriya Chemicals & Fertilizers, National Fertilizers, Madras Fertilizers, Chambal Fertilisers & Chemicals, Gujarat State Fertilizers & Chemicals, Paradeep Phosphates, Zuari Industries, and Coromandel International have all gained between 3% and 19% in today's intraday trade.Also Read: GSFC share price rises 7%: Prabhudas Lilladher expects more than 20% upside for the stockInvestors anticipate that the rise in MSP will enhance farmers' purchasing power, thereby stimulating their investment in agricultural inputs like fertilisers.

Gensol Engineering on Wednesday said it has bagged an additional 250 MW/500 MW Battery Energy Storage System Project (BESS) from GUVNL, taking its order book to Rs 3,100 crore in the segment. Gujarat Urja Vikas Nigam Limited (GUVNL) had earlier awarded the company a BESS project in a similar capacity. «It has been allotted the greenshoe option of 250 MW/500 MWh by GUVNL to reach the 500 MW/1000 MWh BESS project. This takes its total BESS order book to over Rs 3,100 crore,» Gensol Engineering said in an exchange filing. The energy storage system of 500 MW/1,000 MW means 500 MW of battery energy can provide power backup for more than an hour, giving a total output of 1,000 MW.

Rama Phosphates Ltd.(up 15.49%), Khaitan Chemicals & Fertilizers Ltd.(up 8.26%), Rashtriya Chemicals & Fertilizers Ltd.(up 6.31%), The Fertilisers and Chemicals Travancore Ltd.(up 4.81%), National Fertilizers Ltd.(up 4.37%), Chambal Fertilisers & Chemicals Ltd.(up 4.16%), Deepak Fertilisers & Petrochemicals Corporation Ltd.(up 4.15%), Madras Fertilizers Ltd.(up 4.14%), Agro Phos India Ltd.(up 3.45%) and Gujarat State Fertilizer & Chemicals Ltd.(up 3.28%) were among the top gainers.

Gujarat State Fertilizers & Chemicals Ltd (GSFC) share price gained more than 7% in morning trades on Wednesday. The Gujarat State Fertilizers & Chemicals (GSFC) share price remains in focus as news reports suggest that fertilizers may get some relief in taxes from the government.

Gensol Engineering, the flagship company within the Gensol group, were locked in a 5% upper circuit limit in today's early morning trade, touching ₹1068 apiece after the company emerged as a successful bidder for the 250 MW/500 MWh standalone Battery Energy Storage Systems (BESS) project worth ₹1340 from Gujarat Urja Vikas Nigam Limited (GUVNL). The company highlighted that this project would supply electricity on an “on-demand" basis to Gujarat State's DISCOMs during peak and off-peak hours, thereby extending renewable energy availability beyond solar hours, fulfilling Energy Storage Purchase Obligations, and enhancing grid resilience.

Dr Reddy’s Laboratories: The company has signed a licensing agreement with US-based Ingenus Pharmaceuticals to commercialise Cyclophosphamide injection, a cancer treatment. Under the agreement, Dr Reddy’s will commercialise the injection for the US market and pay Ingenus 50% of the calculated profit share.Torrent Pharmaceuticals: The company announced on Wednesday that it has received a Form 483 with five observations from the US FDA following an inspection of its manufacturing plant in Indrad, Gujarat.Whirlpool of India, Hindustan Unilever: The two companies announced a new marketing alliance for Surf Excel.

Nagarjuna Fertilizers and Chemicals Ltd.(up 1.72%), Paradeep Phosphates Ltd.(up 1.71%), Madras Fertilizers Ltd.(up 1.54%), Rashtriya Chemicals & Fertilizers Ltd.(up 1.18%), Chambal Fertilisers & Chemicals Ltd.(up 1.01%), Rama Phosphates Ltd.(up 0.82%), Gujarat State Fertilizer & Chemicals Ltd.(up 0.75%), Zuari Agro Chemicals Ltd.(up 0.64%), Aries Agro Ltd.(up 0.62%) and Coromandel International Ltd.(up 0.59%) stood among the top gainers.

The Fertilisers and Chemicals Travancore Ltd.(up 14.67%), National Fertilizers Ltd.(up 11.69%), Paradeep Phosphates Ltd.(up 9.97%), Nagarjuna Fertilizers and Chemicals Ltd.(up 9.65%), Rashtriya Chemicals & Fertilizers Ltd.(up 8.84%), Madras Fertilizers Ltd.(up 8.66%), Sikko Industries Ltd.(up 8.42%), Southern Petrochemicals Industries Corporation Ltd.(up 8.38%), Zuari Agro Chemicals Ltd.(up 6.45%) and Gujarat State Fertilizer & Chemicals Ltd.(up 6.02%) stood among the top gainers.

Coal India, Gujarat State Fertilizer & Chemicals (GSFC), Gujarat Narmada Valley Fertilizers & Chemicals Limited (GNFC), 360 One Wam, Oil and Natural Gas Corporation , Tech Mahindra, PTC India, VST Industries ITC , Power Grid Corporation of India are amongst top 10 dividend yield picks of Religare Broking.The financial statistic termed as dividend yield illustrates how much a company pays out in dividends annually in relation to the price of its stock. A dividend yield of three to five percent is seen as healthy and favorable.

Krishana Phoschem Ltd.(up 7.29%), Rashtriya Chemicals & Fertilizers Ltd.(up 5.07%), Gujarat Narmada Valley Fertilizers & Chemicals Ltd.(up 4.62%), Chambal Fertilisers & Chemicals Ltd.(up 4.62%), The Fertilisers and Chemicals Travancore Ltd.(up 4.05%), Gujarat State Fertilizer & Chemicals Ltd.(up 4.04%), National Fertilizers Ltd.(up 3.13%), Nagarjuna Fertilizers and Chemicals Ltd.(up 2.98%), Coromandel International Ltd.(up 2.60%) and Zuari Agro Chemicals Ltd.(up 2.53%) stood among the top gainers.

Sikko Industries Ltd.(up 2.03%) were among the top gainers.

Coromandel International Ltd.(up 1.25%), Gujarat Narmada Valley Fertilizers & Chemicals Ltd.(up 0.80%), Madhya Bharat Agro Products Ltd.(up 0.58%), Krishana Phoschem Ltd.(up 0.54%), Aries Agro Ltd.(up 0.44%), Paradeep Phosphates Ltd.(up 0.22%), Chambal Fertilisers & Chemicals Ltd.(up 0.14%) and Mangalore Chemicals & Fertilizers Ltd.(up 0.14%) were among the top gainers.

Modi — then chief minister of business-friendly Gujarat state — rode an electoral wave to the prime ministership in New Delhi, many expected that he would be far more supportive of the private sector than previous Indian leaders. As a candidate, Modi was quoted as saying: “I believe government has no business to do business,” and one of the many slogans of that 2014 campaign was “minimum government, maximum governance.” That seemed as close to laissez-faire Thatcherism as one could reasonably expect in India. Nobody who looked closely at Modi’s tenure in Gujarat, however, believed this easy narrative. His proudest achievement there was turning around the state government’s own public-sector companies, particularly in the energy sector. And that’s been his focus in national office as well. In one recent interview, when asked to cite an example of how the markets should react to his expected re-election, he pointed specifically and solely to how he had revived the stock prices of public-sector companies. Modi wasn’t wrong. State firms have done better than India’s benchmark Sensex index for three years straight, and look likely to do so again this year. They have regularly traded at a premium to their private peers.

₹0.63, reflecting a decrease of 88.84% year-over-year.In terms of stock performance, Gujarat State Fertilizers & Chemicals delivered -5.26% return in the last 1 week, 22.74% return in the last 6 months, and -8.22% Year-to-Date.The market capitalization of Gujarat State Fertilizers & Chemicals currently stands at ₹8828.27 Cr with a 52-week high/low of ₹322.25 and ₹146.15 respectively.FAQsQuestion : What is the Q4 profit/Loss as per company?Ans : ₹24.43CrQuestion : What is Q4 revenue?Ans : ₹1965.25CrStay updated on quarterly results with our results calendarMilestone Alert! Livemint tops charts as the fastest growing news website in the world

Sikko Industries Ltd.(up 8.29%), Krishana Phoschem Ltd.(up 2.10%), Aries Agro Ltd.(up 1.54%), Madhya Bharat Agro Products Ltd.(up 0.88%), Mangalore Chemicals & Fertilizers Ltd.(up 0.81%), Gujarat State Fertilizer & Chemicals Ltd.(up 0.59%) and Zuari Agro Chemicals Ltd.(up 0.38%) were among the top gainers.

Heat wave to severe heat wave conditions are expected to persist over the plains of Northwest India and heat wave conditions over northern Madhya Pradesh and Gujarat State for the next five days, according to India Meteorological Department. Heat wave to severe heat wave conditions have been observed in many parts of Haryana and Delhi, and in some parts of Punjab. Heat wave conditions are also present in parts of Rajasthan and Uttar Pradesh, with isolated pockets in Gujarat and Madhya Pradesh. These conditions have been prevailing over the Gujarat region since May 15, Saurashtra & Kutch since May 16, and over Punjab, Haryana-Chandigarh-Delhi, Uttar Pradesh, and Rajasthan since May 17, 2024. Sirsa (Haryana) had recorded a temperature of 47.8 degrees on Tuesday while Najafgarh (Delhi) was the hottest in India on Monday, recording a temperature of 47.4 degrees.

Sikko Industries Ltd.(up 5.65%), Madras Fertilizers Ltd.(up 3.22%), Rashtriya Chemicals & Fertilizers Ltd.(up 2.69%), Krishana Phoschem Ltd.(up 2.47%), Gujarat State Fertilizer & Chemicals Ltd.(up 0.99%), National Fertilizers Ltd.(up 0.84%), Gujarat Narmada Valley Fertilizers & Chemicals Ltd.(up 0.77%), The Fertilisers and Chemicals Travancore Ltd.(up 0.74%), Khaitan Chemicals & Fertilizers Ltd.(up 0.57%) and Chambal Fertilisers & Chemicals Ltd.(up 0.45%) stood among the top gainers.

Bohra Industries Ltd.(up 2.14%), Madras Fertilizers Ltd.(up 2.09%), Khaitan Chemicals & Fertilizers Ltd.(up 1.78%), Mangalore Chemicals & Fertilizers Ltd.(up 0.54%), Sikko Industries Ltd.(up 0.45%), Southern Petrochemicals Industries Corporation Ltd.(up 0.33%), Gujarat State Fertilizer & Chemicals Ltd.(up 0.26%) and National Fertilizers Ltd.(up 0.20%) were among the top gainers.

Q4 results on May 21: At least 28 companies are scheduled to announce their FY24 fourth quarter (Q4) financial results today, on Tuesday, May 21. Also Read | Q4 results this week: ONGC, ITC, NTPC, Sun Pharma, Nykaa among companies to declare earnings The fourth quarter earnings season for FY24 began in April second week and is still ongoing.