There was a selling environment in the stock market on Friday, but in the meantime some penny stocks performed brilliantly. Gujarat Toolroom Limited (GTL) is one such stock, which hit upper circuit of 5%. The price of this share during trading was ₹ 15.37. The stock had hit an all-time high of ₹45.97 in March 2024, which is its 52-week high price. It was at a low of ₹10.75 in August 2024, which is its 52-week low.
Shareholding Pattern:
The promoters have no stake in Gujarat Toolroom Limited. All 100% stake is held by public shareholders. These include institutions like Multitude Growth Funds Limited, North Star Opportunities Fund VCC-Bull Value Incorporated VCC Sub-Fund and Bridge India Fund.
Funds raised by the company:
In October 2023, Gujarat Toolroom raised ₹50 crore through Qualified Institutional Placement (QIP) at an issue price of ₹11.50 per share. Institutional investors like Zeta Global Funds and Eminence Global Fund PCC Trade Fund participated in this offer.
Condition of stock market:
There were ups and downs in the stock market on Friday. BSE's 30-share index Sensex fell 423.49 points (0.55%) to close at 76,619.33. During trading it had fallen by 779.53 points to 76,263.29. National Stock Exchange (NSE) index Nifty also fell 108.60 points (0.47%) to close at 23,203.20. Sensex fell 759.58 points (0.98%) and Nifty fell 228.3 points (0.97%) in this trading week.
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