*GNFC* 👉We could see Stock trading in 4 digits this year
Gujarat Narmada Valley Fertilizers and Chemicals Limited (GNFC) is a leading Indian company engaged in the production of fertilizers, chemicals, and petrochemicals. The company operates through various segments, including chemicals, fertilizers, information technology, and others. As of March 8th, 2023, the share price of GNFC is trading at INR 394.05 on the National Stock Exchange (NSE). Over the last year, GNFC shares have delivered a return of around 27%, outperforming the Nifty 50 index's return of 14%. Looking ahead, let's analyze some of the factors that could potentially impact GNFC's share price forecast. Fertilizer Demand: India's fertilizer industry is expected to grow at a healthy rate, driven by the increasing population, rising demand for food, and government initiatives. The Indian government has been promoting the use of fertilizers to increase agricultural productivity, which is a positive sign for GNFC. As a leading player in the Indian fertilizer indus...