Penny stock hits 5% upper circuit after receiving an order from Reliance Industries
4 weeks ago

Penny stock hits 5% upper circuit after receiving an order from Reliance Industries

Live Mint  

Penny stock: Gujarat Toolroom Limited, a Gujarat-based company, has hit the upper circuit on the stock market after securing a significant order from Reliance Industries Ltd. Gujarat Toolroom fundraise Earlier this year, in October, Gujarat Toolroom Limited raised ₹50 crore via a Qualified Institutional Placement at an issue price of ₹11.50 per share. In its exchange filing, the company stated, “Gujarat Toolroom is delighted to announce the successful completion of its Qualified Institutional Placement, raising ₹50 crore through the issue and allotment of 4,34,78,260 equity shares at a price of ₹11.50 per share, including a premium of ₹10.50 per share. This represents a significant milestone in the Company’s ongoing growth journey.” Zeta Global Funds PCC Ltd and Eminence Global Fund PCC Trade Fund 1 each subscribed to 2,17,39,130 equity shares, collectively accounting for 50% of the total allotment, according to a filing.

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Gujarat Toolroom share price hits upper circuit on second day in a row ahead of Q4 results 2024
7 months, 3 weeks ago

Gujarat Toolroom share price hits upper circuit on second day in a row ahead of Q4 results 2024

Live Mint  

Q4 results 2024: Gujarat Toolroom share price has been on an uptrend for the last two days. Gujarat Toolroom Q4 results 2024 date Informing the board meeting date to the Indian stock market bourses, the small-cap company said, "The Board of Directors of the Company meeting is scheduled on 06/05/2024, inter alia, to consider and approve 1. Gujarat Toolroom news …

Smallcap stock secures $50 million order as gems and jewellery industry see rise in demand
1 year, 1 month ago

Smallcap stock secures $50 million order as gems and jewellery industry see rise in demand

India TV News  

The gems and jewellery industry has become one of the largest businesses in the country. According to a PTI report, rating agency Crisil has predicted that India's diamond polishing industry will likely see a revenue drop by 30-35 per cent to USD 14-15 billion in the current financial year 2023-24 on poor demand from the US, EU and China. Notably, …

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