NIFTY 5023,707
169.15(0.72%)
SENSEX78,019.98
678.90(0.88%)
NIFTY BANK52,599.45
895.50(1.73%)
NIFTY NEXT 5071,366.9
-275.35(-0.38%)
NIFTY 10024,747.35
125.75(0.51%)
NIFTY MIDCAP 5015,658.35
-49.30(-0.31%)
NIFTY SMLCAP 508,562
34.65(0.41%)
MIDCAP45,998.36
-139.54(-0.30%)
NIFTY MID SELECT12,283.45
7.55(0.06%)
AMARA RAJA ENERGY MOB LTD1,630.5
250.45(18.15%)
CRAFTSMAN AUTOMATION LTD5,409
578.25(11.97%)
HAPPIEST MINDS TECHNO LTD832.65
-84.70(-9.23%)
MACROTECH DEVELOPERS LTD1,485.55
-63.40(-4.09%)
NIFTY 5023,707
169.15(0.72%)
SENSEX78,019.98
678.90(0.88%)
NIFTY BANK52,599.45
895.50(1.73%)
NIFTY NEXT 5071,366.9
-275.35(-0.38%)
NIFTY 10024,747.35
125.75(0.51%)
NIFTY MIDCAP 5015,658.35
-49.30(-0.31%)
NIFTY SMLCAP 508,562
34.65(0.41%)
MIDCAP45,998.36
-139.54(-0.30%)
NIFTY MID SELECT12,283.45
7.55(0.06%)
AMARA RAJA ENERGY MOB LTD1,630.5
250.45(18.15%)
CRAFTSMAN AUTOMATION LTD5,409
578.25(11.97%)
HAPPIEST MINDS TECHNO LTD832.65
-84.70(-9.23%)
MACROTECH DEVELOPERS LTD1,485.55
-63.40(-4.09%)

Market Movers

Today's Gainers
Today's Losers
NameLastChg.%Vol.
AMARA RAJA ENERGY MOB LTD
1,633.45
+18.36%
253.40M
CRAFTSMAN AUTOMATION LTD
5,424.40
+12.29%
593.65M
GARDEN REACH SHIP&ENG LTD
1,970.70
+12.41%
217.60M
RAYMOND LTD
2,779.75
+6.47%
168.95M
WELSPUN CORP LIMITED
538.00
+5.01%
25.65M

Trending Stocks

Trending ETFs
UpTrend
NameLastChg.%Vol.
NIP IND ETF GOLD BEES
60.76
+0.23%
0.14M
NIP IND ETF PSU BANK BEES
82.03
+0.20%
0.16M
CPSE ETF
93.07
-0.50%
-0.47M
NIP IND ETF IT
37.79
+0.83%
0.31M
NIP IND ETF LIQUID BEES
1,000.00
+0.00%
0.00M

Stock Action

52 Week High
52 Week Low
NameLastChg.%Vol.
SHARDA MOTOR INDS LTD
2,002.95
+4.50%
86.20M
MAHARASHTRA SCOOTERS LTD
8,904.05
-0.42%
-37.60M
SURAJ ESTATE DEVELOPERS L
450.45
-0.08%
-0.35M
VENUS PIPES & TUBES LTD
2,179.60
-1.57%
-34.80M
PRESTIGE ESTATE LTD
2,000.00
-2.76%
-56.80M
return to news
  1. Gujarat Toolroom shares hit upper circuit on ₹29-crore supply order from Reliance Industries

Market News

Gujarat Toolroom shares hit upper circuit on ₹29-crore supply order from Reliance Industries

Author

2 min read | Updated on March 07, 2024, 15:20 IST

Twitter Page
Linkedin Page
Whatsapp Page

SUMMARY

The ₹29-crore construction supplies contract marks the first part of Gujarat Toolroom’s collaboration with Reliance Industries.

Stock list

GUJTLRM
--
Gujarat Toolroom Ltd.jpg

Gujarat Toolroom shares hit upper circuit on ₹29-crore supply order from Reliance Industries

Gujarat Toolroom Ltd shares were locked in a 5% upper circuit limit on Thursday after the company secured a construction supplies contract from Reliance Industries Ltd.

Shares of Gujarat Toolroom gained 5% in the morning trade to touch the upper band at ₹59.98 at 9:26 am on BSE.

The ₹29 crore construction supplies contract marks the first part of GTL's collaboration with Reliance Industries.

The order entails the supply of construction raw materials on demands to active projects of Reliance in various locations. The order will be delivered over 30 working days period.

"While this initial order is a testament to the trust and confidence placed in GTL's capabilities, the company anticipates more such orders from Reliance Industries Limited in the near future. GTL is committed to delivering top-notch products and services, ensuring mutual growth and success for both parties involved," Gujarat Toolroom said in a stock exchange filing.

Gujarat Toolroom share prices are now hovering around its 52-week high of ₹ 62.28 per piece touched on January 9, 2024. The company's shares have zoomed over 6 times from their 52-week low of ₹8.92 touched in April last year.

Gujarat Toolroom Ltd reported a strong year-on-year growth in its financial results for the quarter ending in December 2023.

The company’s revenue from operations has shot up to ₹13.10 crore, over a 17-fold increase YoY. The company posted revenue of ₹70 lakh in the year-ago period.

The net profit in quarter three of the current financial year grew 21 folds YoY to ₹3.2 crore. Gujarat Toolroom posted ₹64.48 lakh net profit in the year-ago period.

Gujarat Toolroom Ltd marked its entry into the mining business with the acquisition of a min in Zambia earlier this year.

About The Authors

Upstox News Desk
Upstox News Desk is a team of journalists who passionately cover stock markets, economy, commodities, latest business trends, and personal finance.

Next Story