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