Shares of this penny stock, involved in the development and operation of mines, minerals, and related activities, surged to a 5 percent upper circuit after Bridge India Fund sold its stake in the company.
Share Price Movement
During Wednesday’s trading session, Gujarat Toolroom Ltd’s share price reached an intra-day high of Rs.17.22 per share, hitting a 5 percent upper circuit from the previous close of Rs.16.40 apiece.
Rationale for Rise
Bridge India Fund, as a Foreign Institutional Investor (FII), recently sold 5,000,000 shares of Gujarat Toolroom Ltd in a bulk transaction at Rs.16.40 per share on the BSE. Following this,
Hitesh Singh purchased 1,413,790 shares of the company at Rs.16.39 per share in a separate bulk transaction on the BSE. These movements reflect ongoing investor activity in the stock, with both institutional and individual players showing interest.
Product and Offerings
Gujarat Toolroom Ltd offers wind energy solutions featuring a 114-meter rotor with a nominal power of 2.1 MW. The company’s wind turbines are designed with an aerodynamic blade profile to maximize energy production while minimizing noise emissions.
It provides various tower options ranging from 68 to 153 meters, tailored to specific sites. Additionally, the company offers optimized solutions for Class S sites and adapts its products to markets in India, China, and Brazil.
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Shareholding Pattern
As of December 2024, the shareholding pattern of Gujarat Toolroom Ltd shows that promoters do not hold any stake, while Foreign Institutional Investors hold 30.99 percent. Domestic Institutional Investors and Retail Investors hold 0.07 percent and 68.94 percent, respectively.
Financial Overview
In its latest financial update, the company reported net sales of Rs.271 crore for Q2 FY25, marking a 73 percent increase from Rs.157 crore in Q2 FY24. Additionally, net profits saw an exceptional rise of 1,250 percent, reaching Rs.27 crore, compared to Rs.2 crore during the same period last year. This impressive growth highlights the company’s strong financial performance.
About the Company
Gujarat Toolroom Ltd is a leading Indian company specializing in the manufacturing and trading of precision tools and molds. The company has built a solid reputation for its expertise in mold making, enhanced through its partnership with Schober AG of Switzerland, which has played a key role in advancing its technical capabilities.
Written by – Siddesh S Raskar
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