Stock Radar: Down 30% from highs! This commodity chem stock may bounce back from 5-yr support

By Nick J Adam On Jun 24, 2022

Gujarat Narmada Valley Fertilisers & Chemicals Ltd, part of the S&P BSE 500 index, has fallen more than 30 per cent in a matter of over two months, but the stock could see a bounce back from its five-year support placed around Rs 540 levels, suggest experts.

The commodity chemical company has fallen significantly from an all-time high of Rs 912 recorded on 5 April 2022. It closed at Rs 587 on 21 June.

The stock saw a one-way rally after a

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