Bridge India fund Co. After selling the stake, the stock priced below ₹20 gained 5%.
Shares of this penny stock, which is involved in the development and operation of mines, minerals and related activities, toured 5% higher after Bridge India Fund sold its stake in the company.
stock price movement
During Wednesday’s trading session, Gujarat Toolroom Ltd The stock hit an intraday high of Rs.17.22 per share, up 5% from its previous closing price of Rs.16.40 per share.
rationale for the rise
Bridge India Fund, a Foreign Institutional Investor (FII) recently sold 5,00,000 shares of Gujarat Toolroom Ltd in a block transaction at Rs.16.40 per share on BSE. Accordingly,
Hitesh Singh purchased 1,413,790 shares of the company at Rs.16.39 per share through a separate block transaction on BSE. The move reflects continued investor activity in the stock, with both institutional and individual players showing interest.
Products and Offers
Gujarat Toolroom Ltd provides wind energy solutions with a 114m rotor with a nominal power of 2.1MW. The company’s wind turbines are designed with aerodynamic blade profiles to maximize energy production while minimizing noise emissions.
We offer a variety of tower options from 68 meters to 153 meters to suit your specific site. The company also offers optimized solutions for Class S sites and adapts its products to the Indian, Chinese and Brazilian markets.
Also read…
stock holding pattern
The shareholding pattern of Gujarat Toolroom Ltd as on December 2024 shows that while the promoters hold no shares, foreign institutional investors hold 30.99%. Domestic institutional investors and general investors hold 0.07% and 68.94%, respectively.
Financial Overview
In its latest financial update, the company reported net sales of Rs.271 crore for Q2 FY25, a 73% increase over Rs.157 crore in Q2 FY24. Additionally, net profit reached Rs.27 crore compared to Rs.2 crore in the same period last year, showing an exceptional increase of 1,250%. This impressive growth highlights the company’s strong financial performance.
About us
Gujarat Toolroom Ltd is a leading Indian company specializing in manufacturing and trading precision tools and molds. The company has built a solid reputation in mold making, strengthened by its partnership with Switzerland’s Schober AG, where Schober has played a key role in developing its technical capabilities.
Written by – Siddesh S Raskar
disclaimer
The views and investment tips expressed by the investment experts/brokers/rating agencies of tradebrains.in are their own and not the views and investment tips of the website or its management. Investing in stocks carries the risk of financial loss. Therefore, investors must exercise appropriate caution while investing or trading in stocks. Neither Dailyraven Technologies nor the author will be liable for any loss incurred as a result of decisions made based on this article. Consult your investment advisor before investing.
Start your stock market journey now!
Want to learn stock market trading and investing? Check out exclusive stock market courses from FinGrad, a learning initiative from Trade Brains. You can sign up for free courses and webinars from FinGrad and start your trading career today. Sign up now!!
