The objective to establish RCF is to look after the CSR expenditure of the various companies of the Religare group.
Gujarat Narmada Valley Fertilizers & Chemicals (GNFC) surged 11.47% to Rs 508.25 after the companys consolidated net profit surged 122.92% to Rs 540.78 crore on 57.82% increase in net sales to Rs 2,380.33 crore in Q3 FY22 over Q3 FY21.
Markets were weighed down by pharma, IT, capital goods, FMCG and auto stocks. Investors react to major Q3 earnings like SBI and Tata Steel.
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