Zero-Debt Multibagger Penny Stock Bags Rs 310 Mn Order From RIL, Shares Hit Upper Circuit

Gujarat Toolroom shares today zoomed 4.96% on BSE and touched upper circuit after the company informed receiving new order worth Rs 310 million from Reliance Industries. Current market price of Gujarat Toolroom Ltd shares on BSE stood at Rs 14.38 per share. The company's market capitalisation stood at Rs 230.28 crore. The company has paid all its debt and become debt-free for the 1st time since last 5-years period. Gujarat Toolroom shares offered phenomenal returns to its shareholders with return of 25.81% in last 1-week and gained 373% in last 2-years. However, Gujarat Toolroom stock slipped 26% in last 1-year. The penny stock also recommended stunning dividend this year. Check details below:

Gujarat Toolroom Bags New Order: As per the exchange filing of Gujarat Toolroom dated October 15, 2024, "we are also excited to announce that the Company has been awarded a new order worth Rs 310 million from Reliance Industries Limited for the supply of additional construction materials. This order is expected to be completed within the next two months, further strengthening our ongoing collaboration with Reliance Industries."

Earlier, Gujarat Toolroom Limited successfully completed an order worth R290 million for construction supplies to Reliance Industries Limited on 14th October 2024. This order was previously secured on 5th March 2024 and marks a critical milestone in our partnership with one of India's most prominent conglomerates. The successful execution of this project demonstrates our ability to deliver highquality solutions within the stipulated timeline, added the exchange filing.

Gujarat Toolroom Share Performance: The 52-week high price of Gujarat Toolroom shares on BSE is Rs 45.97 per share (as on 11/03/2024) and 52-week low price is quoted at Rs 10.75 per share (as on 14/08/2024). Gujarat Toolroom shares gained over 20% in last 2-weeks, soared 15% in last 1-month, fell 54% in last 6-months and surged by nearly 1296% in 3-years.

Gujarat Toolroom Announces Dividend: It recommended Re 1/share dividend in 2024. The April 8, 2024 dated BSE filing said, "After thorough discussions and careful consideration of the company's financial performance, the Board of Directors has unanimously considered and declared Interim Dividend of 100%. It fixed Saturday, April 20, 2024, as the "record date" for the purpose of ascertaining the eligibility of shareholders for payment of Interim Dividend.

Gujarat Toolroom Stock Split History: According to Trendlyne, Gujarat Toolroom had split face value of shares once since March 6, 2023. Gujarat Toolroom split face value of shares from Rs 10 to Re 1 in the year 2023. The ex-split date was set as March 6, 2023.

Gujarat Toolroom About: It came into existence in 1992 in technical collaboration with Schober AG. Switzerland. It has designed and manufactured over 300 high precision moulds, as per its website.

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