Thursday, October 14, 2010

GSFC Rs 327 near major breakout

GSFC : http://www.gsfclimited.com/
GSFC –Book Value Rs.268 & EPS-31—lowest PE in FERTilzer --Gujarat State Fertilizers & Chemicals operates in two business segments: Fertilizer products and Industrial products. Fertilizer products include urea, ammonium sulphate, di-ammonium phosphate, ammonium phosphate sulphate and traded fertilizer products. Industrial products include caprolactam, nylon-6, nylon filament yarn, nylon chips, melamine, polymer products and traded industrial products. The Company's products include industrial products, agro products and biotech products. During the fiscal year ended March 31, 2010 (fiscal 2010), the Company had a fertilizer production of 18.13 lacs metric tons.
Technical View:
The stock is breaking out of a major consolidation and volumes have improved very nicely in recent past. Stock trading above Rs 325 can target Rs 349 in short-term while Rs 370 can be possible in Mid-term.