GTL Share Price Skyrockets with 5% Increase!
Yesterday’s Trading Session: Gujarat Toolroom Limited (GTL) shares were trading at ₹47.33 with a 5% increase during yesterday’s trading session. However, just before the market closed, the shares saw a 4% decrease and closed at ₹42.90.
Current Scenario: GTL shares are hitting upper circuits recently. The company had announced a distribution of 100% dividend at face value to its investors. As of Wednesday, 10th April 2024, the GTL stock was trading 4.99% higher at ₹47.55.
Record Date for Dividend: The company has fixed the record date for dividend distribution as 20th April, 2024. In the last six months, GTL shares have provided an 80% return to its investors. Over the past three years, the company’s shares have given a whopping 8,690% return.
Market Cap: GTL’s total market capitalization stands at ₹239.66 crore. The company has secured orders from major conglomerates like Adani Group and Reliance Industries Limited, with an order book size of ₹3000 crore.
Company Background: Established in 1983, GTL operates in the import-export and infrastructure sectors. The company has won contracts to supply construction materials to leading firms such as Reliance Industries, Adani Gas and Power, Gujarat Gas, and Indian Oil.
Stock Performance: The company’s stock hit a 52-week high of ₹62.97 and a low of ₹9.35. With a strong order book and impressive financial performance, GTL continues to attract investors in the market.
Stay tuned for more updates on GTL’s share price and performance!
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