62-Yrs Old Fertilizers PSU Set To Recommend Dividend Rewards, Rises 78% In 1-Yr; Yield 4.49%

Mid cap Gujarat government owned fertilizer company Gujarat State Fertilizers & Chemicals Ltd will hold its meeting of Board of Directors on May 21, 2024 to consider and approve financial results and recommend dividend, if any. Last trading price of Gujarat State Fertilizers share on BSE is Rs 222.65 per share with intraday fall of 0.29%. GSFC shares offered traders attractive returns of 78% in last 1-year span only and 151% in last 3-years. The company has a dividend yield of 4.49% and declared highest every dividend of Rs 10/share in 2023. More details below:

Gujarat State Fertilizers To Consider Financial Results, Dividend: As per the regulatory filing of the GSFC dated April 19, "This is to inform that a meeting of the Board of Directors of the Company is scheduled to be held on Tuesday, 21't of May ,2024 to consider and approve the Audited Financial Results for the quarter and year ended 3l't March,2024 and recommendation of Dividend, if any on the Equity Shares of the Company for the Financial Year 2023-24."

Gujarat State Fertilizers Shares Peformance & Return: The 52-week high price of Gujarat State Fertilizers shares on BSE is Rs 322.45 apiece (as on 23/01/2024) and 52-week low price is Rs 122.20 per share (as on 21/04/2023), respectively. The company's market capitalisation stood at Rs 8872.10 crore. Gujarat State Fertilizers shares fell 7.88% in last 2-weeks, declined over 25% in last 3-months, offered return of 78% in last 1-year, and rallied 114% in last 5-years. In last 10-years, Gujarat State Fertilizers stock surged 297%.

Gujarat State Fertilizers Dividend History: Gujarat State Fertilizer & Chemicals announced 23 dividends since Aug 29, 2001. In last 12 months, Gujarat State Fertilizer & Chemicals announced an equity dividend amounting to Rs 10.00 per share. At the current share price of Rs 222.65, Gujarat State Fertilizer & Chemicals offers dividend yield is 4.49%.

Gujarat State Fertilizers Technical & Shareholding: Score is 60.58 indicating the PSU is technically moderately strong. Stocks with score between 60 and 70 are considered as technically moderately strong. RSI is 49.2, RSI below 30 is considered oversold and above 70 overbought. MACD is above its center and signal Line, this is a bullish indicator. Number of FII/FPI investors increased from 232 to 235 in Mar 2024 quarter. Mutual Funds have increased holdings from 2.12% to 3.06% in Mar 2024 quarter. Number of MF schemes increased from 16 to 18 in Mar 2024 quarter. Quant Mutual Fund- Quant Flexi Cap Fund has 1.71% stake in the PSU with 6,800,000 shares.

About: GSFC was incorporated in 1962 and its plants went into the production of fertilizers in 1967. In its very first decade of existence, GSFC became known for its path-breaking achievements. GSFC has set up the first DAP fertilizer complex in India at Sikka, Jamnagar on the west coast of Gujarat. Its technical edge as well as engineering resources acquired during its very first decade have been catalysts in providing impetus to the expansion and diversification strategies spread over the next four decades.

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