GOCL Corporation trades marginally higher as its arm bags order from Coal India
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GOCL Corporation is currently trading at Rs. 517.10, up by 1.50 points or 0.29% from its previous closing of Rs. 515.60 on the BSE.
The scrip opened at Rs. 531.05 and has touched a high and low of Rs. 536.00 and Rs. 513.25 respectively. So far 15864 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 536.00 on 09-Oct-2023 and a 52 week low of Rs. 255.70 on 01-Nov-2022.
Last one week high and low of the scrip stood at Rs. 536.00 and Rs. 471.00 respectively. The current market cap of the company is Rs. 2555.96 crore.
The promoters holding in the company stood at 73.83%, while Institutions and Non-Institutions held 5.00% and 21.17% respectively.
GOCL Corporation’s wholly-owned subsidiary -- IDL Explosives (IDLEL) has bagged order from Coal India, a Maharatna Company of the Government of India for supply of Bulk Explosives, to be supplied over a period of 2 years i.e. from October 2023 to October 2025. The broad consideration of the order is worth Rs 766 crore.
GOCL Corporation is engaged in manufacturing industrial explosives, mining products, lubricants, speciality oils and chemicals, active pharma ingredients (bulk drugs) and pharma formulations.
