The scrip had zoomed 5.76% to end at Rs 334.85 yesterday.
In today's trading session, on the BSE, 5,466 shares of the company were traded in the counter so far compared with average daily volumes of 1,466 shares in the past two weeks.
On a year-to-date basis, the stock has declined by 13.46% while the benchmark Sensex has gained 2.44% during the same period.
In a regulatory filing made just before market close on Thursday, GOCL Corporation said that its wholly-owned subsidiary IDL Explosives has bagged supply orders from Coal India worth Rs 257.72 crore.
The contract involves supply of detonators, accessories and cartridge explosives. The supply order has to be executed over a period of two years i.e. from June 2023 to May 2025.
The company's consolidated net profit declined 90.40% to Rs 13.76 crore in the quarter ended March 2023 as against Rs 143.27 crore during the previous quarter ended March 2022. Sales rose 87.83% to Rs 241.79 crore in Q4 FY23 from Rs 128.73 crore in Q4 FY22.
GOCL Corporation, a Hinduja Group company, has been an industry leader in Energetics & Commercial Explosives space. The company also extends its products and expertise in EMS (Electronics Manufacturing Services) for OEMs, metal cladding division (MCD) for industry needs and special projects group (SPG) for defence and space applications. GOCL also has a realty vertical that deals in land banks and commercial spaces.
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