GTL Share Price | GTL penny stock will give fast returns, Reliance company connection, rocket bullish signals – BSE: 513337
GTL Share Price | There was a big rise in the shares of Gujarat Toolroom Limited Company on Monday. (BSE: 513337)Gujarat Toolroom Limited Company shares touched the upper circuit of 5 percent. Gujarat Toolroom Limited Company shares touched intraday high of Rs 13.26. Gujarat Toolroom Limited Company is a major reason behind the rise of this stock. The contract given by Reliance Industries Limited Company to Gujarat Toolroom Company has been completed ahead of schedule. (Gujarat Toolroom Company excerpt)
Rs 60 crore contract
Gujarat Toolroom Limited told the stock exchange that it has successfully completed the contract of Udyog Limited Company worth Rs 310 million. Gujarat Toolroom Limited has completed a contract worth Rs 60 crore with Reliance Industries Limited Company in the current financial year. After this news the shares of Gujarat Toolroom Company increased. Shares of Gujarat Toolroom were trading 4.99 per cent higher at Rs 13.26 on Monday, November 25. On Tuesday (26 November 2024), the stock was trading at Rs 13.2, up 11.49%.
contract and expect to meet
Shares of Gujarat Toolroom Limited were trading at 52-week high of Rs 45.97 and 52-week low of Rs 10.75. The total market capitalization of Gujarat Toolroom Limited Company is Rs 212.35 crore. Gujarat Toolroom Limited is expected to win more contracts from Reliance in the coming months.
Gujarat Toolroom Company raised funds
Gujarat Toolroom Ltd raised Rs 50 crore through qualified institutional placement in October at a price of Rs 11.50 per share. Gujarat Toolroom Company's offering saw participation from institutional investors such as Eminence Global Fund, Zeta Global Fund and PCC Trade Fund. Apart from this, Gujarat Toolroom Limited Company has declared 100% dividend for the last quarter.
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