Gujarat Alkalies Share Price Trading Above 5%

Intraday on Friday, Gujarat Alkalies share price zoomed up by 5 per cent. The stock opened at Rs. 360.55 as compared to its previous closing at Rs. 362.75. The stock touched the days high and low at Rs. 385.50 and Rs. 360.55. Approximately 3,34,111 shares are traded on the counter with a traded value of Rs. 1,263.24, as per the National Stock Exchange.

Gujarat Alkalies & Chemicals Ltd. was incorporated in the year 1973. It is a Mid Cap company which has a market cap of Rs2663.92 (Cr) that operates in the Chemicals sector.For the quarter ended 30^th Sep 2016, the company has reported a Standalone sales of Rs 518.62 Cr., up .63 from last quarter Sales of Rs 515.38 Cr. and up 8.90 from last year same quarter Sales of Rs 476.25 Cr. Company has reported net profit after tax of Rs 87.42 Cr. in latest quarter.

The Board of Directors of Gujarat Alkalies and Chemicals Ltd is going to meet on January 27, 2017, in order to consider the Quarterly Un-audited (Provisional) Financial Results for the Third Quarter and Nine Months ended on December 31, 2016.

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Gujarat Alkalies Share Price Touching the Sky

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.