GNFC Stock Shows Positive Trend and Outperforms Sector on June 28, 2024

Gujarat Narmada Valley Fertilizers & Chemicals . (GNFC) has shown a positive trend in the stock market, gaining 5.01% on June 28, 2024. This midcap company in the fertilizer industry has outperformed its sector by 3.68% on this day. The stock has also shown a trend reversal, gaining after 5 consecutive days of fall.

GNFC's stock touched an intraday high of Rs 707.75, a 5.3% increase from the previous day's closing price. The stock's moving averages are higher than the 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend in the stock's performance.

Investors may also be interested to know that GNFC has a high dividend yield of 4.72% at the current price. This could be an attractive factor for those looking for stable returns.

In comparison to the overall market performance, GNFC has shown a strong 1-day performance of 4.45% compared to the Sensex's 0.12%. Over the past month, GNFC has also outperformed the Sensex with a 1-month performance of 4.71% compared to the Sensex's 5.54%.

Overall, GNFC's stock has shown positive performance and trend reversal, making it a potential stock to watch in the fertilizer industry. However, it is important for investors to conduct their own research and analysis before making any investment decisions.