Gujarat Alkalies is defying the market sentiment and is up 6% today and 36% in 4 days – details here

Shares of Gujarat Alkalies and Chemicals Ltd moved higher in an otherwise weak market, gaining over 6% in trade today and extending their rally to around 36% over the last four sessions.

The stock was trading at ₹568.50, up ₹30.25 or 5.62% during the session. It opened at ₹549.90 and touched an intraday high of ₹570.70, while the low for the day stood at ₹542.60. The previous close was ₹538.25.

Trading activity remained strong, with volumes at 1,87,70,545 shares and an average traded price of ₹557.65 as of 11:55 AM. The stock continues to remain within its 52-week range of ₹409.15 on the lower end and ₹698.40 on the higher end.

The sharp upmove comes even as broader markets remain under pressure, with the stock outperforming its sector by around 9% during the session. The recent rally has pushed the stock up nearly 36% in the last four trading sessions.

The company is also scheduled to hold an investor and analyst meet today, which is likely to be in focus.

Gujarat Alkalies and Chemicals Ltd operates in the chemicals sector and is a multi-product chemical manufacturing company. It is engaged in the production of a wide range of chemicals including caustic soda lye, caustic soda flakes, caustic soda prills, chloromethanes, caustic potash lye and flakes, potassium carbonate, hydrogen peroxide, phosphoric acid, poly aluminium chloride, aluminium chloride, benzyl chloride, benzyl alcohol, benzaldehyde and sodium chlorate, among others. Its products cater to industries such as aluminium, textiles, soaps and detergents, pulp and paper, fine chemicals, dyes, paints, pharmaceuticals, agrochemicals, metal treatment and petroleum refining. The company also exports to regions including Europe, West Asia, Southeast Asia, Africa and South Asia.

The company has an installed production capacity of 5,85,750 metric tonnes per annum (MTPA) of caustic soda.

On the fundamental front, the stock is currently trading at a price-to-book value of 0.77. The EV to EBITDA stands at 11.08, while EV to sales is at 1.05. The EV to capital employed ratio is at 0.78. The company has a dividend yield of 2.71%. Other metrics include a PE ratio of -500.35, EV to EBIT of 2450.47, PEG ratio of 0, ROCE at 0.02% and ROE at 0.00%.