GNFC Remains Strong in Fertilizer Industry Despite Recent Decline

Gujarat Narmada Valley Fertilizers & Chemicals . (GNFC) is a midcap company in the fertilizer industry. On June 21, 2024, the company's stock saw a decline of -5.05%, underperforming the sector by -4.02%. The stock touched an intraday low of Rs 725.4, a decrease of -5.25%. However, GNFC is still trading higher than its 5 day, 20 day, 50 day, 100 day, and 200 day moving averages.

The overall action in the fertilizer sector has also seen a decline of -2.17%. Despite this, GNFC continues to offer a high dividend yield of 4.14% at the current price. On a broader scale, GNFC's 1 day performance is -4.39% compared to the Sensex's performance of 0.08%. Over the past month, GNFC has shown a positive performance of 8.59%, outperforming the Sensex's performance of 4.85%.

GNFC is a leading player in the fertilizer industry, with a strong presence in the market. While the stock may have seen a decline in its performance on June 21, it is still trading above its moving averages and has shown a positive performance over the past month. Investors may want to hold onto their GNFC stocks for now, as recommended by MarketsMOJO.