8338 Return Multibagger Stock! Days After Mega Order from Reliance Industries, Smallcap Company Reports RS 202 Crore Turnover
The small-cap company Gujarat Toolroom announced a turnover of Rs 202 crore and a profit of Rs 27 crore, as per a statement released on the Bombay Stock Exchange (BSE). Leveraging its expertise in trading diamonds and gemstones, alongside capitalising on the gold mined from its Zambian subsidiary, GTL Gems DMCC continues to consolidate its position in the lucrative precious metals market.
GTL’s Zambian subsidiary is leading the company’s venture into the mining sector. The acquisition of gold mines in Zambia signifies GTL’s strategic expansion into resource-rich territories, poised to yield significant returns in the near future. Additionally, the company recently secured a Rs 29 crore order for construction supplies from Index heavyweight Reliance Industries.
Gujarat Toolroom Limited Share Price Today
At the time of filing this report, the counter was trading at Rs 47.25, zooming 1.50 per cent on the BSE. The stock has been gaining for the last two days and has risen 1.55 per cent returns in the period, mainly due to high volume. The scrip is trading higher than 200 day moving averages but lower than 5 day, 20 day, 50 day and 100 day moving averages. The counter outperformed the sector by 1.57 per cent.
A total of 1.55 lakh shares changed hands today of Gujarat Toolroom generating a total turnover of Rs 72.45 lakh. The small cap company has a market cap of Rs 262.55 crore, as per BSE website. The shares of the company have a PE of 32.73x.
Gujarat Toolroom Limited Share Price History
According to BSE Analytics, Gujarat Toolroom’s share price has advanced 177.51 per cent in the last 180 days. It moved north of 397.47 per cent in the 365 days, and 2929.49 per cent in the last two years
In the last three years, the counter multiplied investors wealth by a whopping 8191.23 per cent, making investors richer with massive gains.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. Today Technology Market ResearchDigital suggests its readers/audience to consult their financial advisors before making any money related decisions.)
