Today, as the market opened for trade, Gujarat Alkalies share price soared right up, making a new high value. In the month of July, the company had disappointed the market in its quarter performance. Gujarat Alkalies reported a slide in its total income from operations while its other expenses went up both Quarter on Quarter and year on Year basis. The company’s net profit while went up Year on Year, it had slide Quarter on Quarter basis. But the stock has been picking up lately. Today, Gujarat Alkalies share price made a new high of Rs. Rs. 312.
The company has the PE of 7.79 with 0.04 debts and no pledge to promoters.The earnings per share also went down quarter on the quarter basis by 0.25%. Gujarat Alkalies share price have gone up by 27.89% since Brexit and 78.80% since the budget.
Indian promoters own 46.28% shares from among the 7.34 crores shares floated by the company. FII hold 2.61% and DII own 4.67% shares while the remaining major chunk of 46.44% stakes is held by other non-institution bodies.
Gujarat Alkalies is a multibagger stock picked by Dynamic Levels for the month. Currently, Gujarat Alkalies share price is trading at Rs. 308.05 with a rise of around 5%. In the two hours of trade, the traded volume of the stock was over 3,00,000 while the traded value stood at Rs. 1000 lakhs. For more details on the stock, refer to the Gujarat Alkalies share price history page of Dynamic Levels Website.
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