{"id":116776,"date":"2024-01-04T17:32:25","date_gmt":"2024-01-04T12:02:25","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=116776"},"modified":"2024-01-04T17:32:30","modified_gmt":"2024-01-04T12:02:30","slug":"chemical-stock-jumps-10-after-signing-mou-with-gujarat-govt-to-invest-12000-cr","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/chemical-stock-jumps-10-after-signing-mou-with-gujarat-govt-to-invest-12000-cr\/","title":{"rendered":"Chemical stock jumps 10% after signing MoU with Gujarat Govt to invest \u20b9 12,000 Cr"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1161170292\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Shares of this mid-cap stock jumped approximately 9 percent during the last trading hours on Thursday after the company signed a Memorandum of Understanding (MoU) with the Government of Gujarat to invest Rs 12,000 crores by 2028.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2471556320\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>With a market capitalization of Rs 17,732.98 crores, the stocks of <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/DCMSHRIRAM\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">DCM Shriram Limited<\/a><\/strong> started their trading session on Thursday at Rs 1,040 and jumped nearly 9.50 percent to Rs 1,137.15 at the fag end of the trading session.\u00a0<\/p><p>Such a sudden spike in the stock price was observed after the company, through a regulatory filing with the Bombay Stock Exchange (BSE), intimated that it has signed a Memorandum of Understanding (MoU) with the Government of Gujarat to invest Rs 12,000 crores.&nbsp;<\/p><p>The MoU has been entered on 3rd January 2024 for the manufacturing of \u2018chemical\u2019 and \u2018petrochemical\u2019 products in Bharuch by 2028. Presently, DCM Shriram currently has significant Chlor Alkali facilities in Bharuch and aims to increase their capacities in congruence with the addition of new products to its Chlor Alkali portfolio.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-517840198\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>The MoU was signed in a ceremony held in the presence of Hon\u2019ble Chief Minister Mr. Bhupendrabhai Patel along with other ministers and senior officials. The ceremony was a part of the \u201cVibrant Gujarat Global Summit 2024\u201d which will be taking place from 10th January to 12th January 2024 in Gandhinagar, Gujarat.&nbsp;<\/p><p>During the recent financial quarters, the company has underperformed witnessing a reduction in both, the operating revenues as well as after-tax profits. The former moved down from Rs 2,937.17 during Q1FY23-24 to Rs 2,825.37 crores during Q2FY23-24, and, the latter, during the same period, dipped from Rs 56.58 crores to Rs 32.24 crores.&nbsp;<\/p><p>DCM Shriram Limited is a conglomerate company based in India that engages in a wide range of businesses, i.e., agri-rural, chlor-vinyl, and others. The products of the company include urea &amp; SSP fertilizers, sugar, PVC resins, PVC compounds, power, etc.&nbsp;<\/p><p><strong>Written by Amit Madnani&nbsp;<\/strong><\/p><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-2869946159\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Shares of this mid-cap stock jumped approximately 9 percent during the last trading hours on Thursday after the company signed a Memorandum of Understanding (MoU) with the Government of Gujarat to invest Rs 12,000 crores by 2028.&nbsp; With a market capitalization of Rs 17,732.98 crores, the stocks of DCM Shriram Limited started their trading session [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":109439,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[10204,10203,948,936],"class_list":["post-116776","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-dcm-shriram-latest-news","tag-dcm-shriram-share-price","tag-stock-market","tag-stock-market-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - 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