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GHCL surges on issuing commercial paper worth Rs 25 crore

GHCL is currently trading at Rs. 209.80, up by 9.15 points or 4.56% from its previous closing of Rs. 200.65 on the BSE.

The scrip opened at Rs. 203.60 and has touched a high and low of Rs. 211.40 and Rs. 203.50 respectively. So far 21779 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 277.20 on 28-May-2019 and a 52 week low of Rs. 178.50 on 23-Aug-2019.

Last one week high and low of the scrip stood at Rs. 211.40 and Rs. 195.50 respectively. The current market cap of the company is Rs. 2060.51 crore.

The promoters holding in the company stood at 18.93%, while Institutions and Non-Institutions held 32.89% and 48.17% respectively.

GHCL has placed the Commercial Paper (CP) amounting to Rs 25 crore on October 22, 2019, having maturity on January 20, 2020. The said CP is a part of Rs 100 crore limit as approved by the Board of Directors in their meeting held on January 21, 2019 and shall be part of the existing working capital limit.

GHCL is a leading producer of synthetic soda ash in India with an installed capacity of 8.5 lakh tonnes Per Annum (TPA) located in Gujarat. Over the years, it has diversified into yarn and home textile products.

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