GOCL Corporation rose 9.61% to Rs 175.15 at 13:44 IST on BSE after the company said that its wholly-owned subsidiary bagged an order worth Rs 127.71 crore.
The announcement was made during trading hours today, 17 June 2016.Meanwhile, the BSE Sensex was up 85.85 points, or 0.32%, to 26,611.31.
On BSE, so far 63,000 shares were traded in the counter, compared with an average volume of 19.59 lakh shares in the past one quarter. The stock hit a high of Rs 184 and a low of Rs 157.50 so far during the day. The stock hit a 52-week high of Rs 184 on 17 June 2016. The stock hit a 52-week low of Rs 120 on 26 February 2016. The stock had underperformed the market over the past one month till 16 June 2016, falling 5.28% compared with 3.19% rise in the Sensex. The scrip had, however, outperformed the market in past one quarter, rising 15.21% as against Sensex's 6.30% rise.
The small-cap company has an equity capital of Rs 9.91 crore. Face value per share is Rs 2.
GOCL Corporation said that its wholly-owned subsidiary, IDL Explosives (IDLEL), bagged an order worth Rs 127.71 crore for supplying of bulk explosives, cartridge explosives, nonel and detonators for blasting at all the open cast projects and underground coal mines of the Singareni Collieries Company for 2 years. The order will be catered by IDLEL and GOCL Corporation.
Net profit of GOCL Corporation declined 68.11% to Rs 0.96 on 24.18% decline in net sales to Rs 22.52 crore in Q4 March 2016 over Q4 March 2015.
GOCL Corporation, formerly Gulf Oil Corporation, is engaged in the business of energetics, mining and infrastructure services and realty.
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