The company's stock fell 6.94 per cent to Rs 4,386.85 per share on Wednesday on the BSE
The stock price of Gujarat Fluorochemicals has zoomed 52% in five weeks, taking the market capitalisation of the company beyond Rs 50,000 crore for the first time
The surge in the chemical company's stock came after it announced that GFCL EV Products, a wholly-owned subsidiary, has incorporated its wholly-owned subsidiary company, GFCL EV Products GmbH.
The management is confident about the coming quarters and expects a better performance in H2FY25E.