Gujarat Toolroom Share: Shares of Gujarat Toolroom Limited (GTL) were in focus today and rose by 5% to Rs 20.24 intraday. Let us tell you that the date for Gujarat Toolroom Rights Issue has been fixed. The rights issue will open on June 14 and close on July 12, 2024. The record date of Gujarat Toolroom rights issue is June 5, 2024. The company will offer 61,108,960 equity shares at a price of ₹8 per share. The size of Gujarat Toolroom rights issue will be ₹48.89 crore. Its ratio is 11:10.
march quarter results
Gujarat Toolroom Limited recently released its March quarter results. The company’s net profit has increased manifold in the March 2024 quarter and reached Rs 50.29 crore. The main reason for this is the tremendous increase in income. The company said in a regulatory filing that its profit for the quarter ending March 2023 was Rs 73 lakh. The company’s total income increased to Rs 377.35 crore from Rs 1.64 crore in the year-ago period. Total expenses also increased to Rs 326.72 crore as against Rs 61 lakh a year ago.
This power share increased from ₹ 25 to ₹ 141, the company announced to distribute profits.
condition of shares
The market cap of the company is Rs 112.44 crore. Its 52 week high price is Rs 62.97 and 52 week low price is Rs 11.18. Let us tell you that Gujarat Toolroom based in Ahmedabad is active in the business of manufacturing and assembling of industrial machines and equipment. Recently the company had announced plans to enter the green energy sector by acquiring 65 acres of land in Gujarat to set up a green energy project at an investment of Rs 572 crore.
