Gujarat Alkalies & Chemicals rose 0.95% to Rs 168.50 at 12:15 IST on BSE after the company executed joint venture cum shareholders' agreement with Nalco to take-up caustic soda project and coal based power plant at Dahej, Gujarat.
The announcement was made during market hours today, 25 June 2015.
Meanwhile, the S&P BSE Sensex was up 42.66 points or 0.15% at 27,772.33
On BSE, so far 6,687 shares were traded in the counter as against average daily volume of 18,214 shares in the past one quarter.
The stock hit a high of Rs 168.90 and a low of Rs 166 so far during the day. The stock had hit a 52-week high of Rs 229.80 on 12 September 2014. The stock had hit a 52-week low of Rs 156.05 on 27 March 2015.
The stock had outperformed the market over the past one month till 24 June 2015, rising 0.03% compared with 0.81% fall in the Sensex. The scrip has also outperformed the market in past one quarter, rising 1.27% as against Sensex's 1.53% fall.
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The small-cap company has equity capital of Rs 73.44 crore. Face value per share is Rs 10.
Gujarat Alkalies and Chemicals said that the company had on 23 June 2015, executed joint venture (JV) cum shareholders' agreement with National Aluminium Company (Nalco). As per the agreement a JV company will be incorporated between the company and Nalco to take-up 800 TPD caustic soda project and 80-90 megawatts (MW) coal based power plant at Dahej, Gujarat.
Gujarat Alkalies & Chemicals' net profit rose 48.8% to Rs 96.31 crore on 2.3% fall in net sales to Rs 487.60 crore in Q4 March 2015 over Q4 March 2014.
Gujarat Alkalies & Chemicals is the largest producer caustic soda in India.
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