GOCL Corporation

GOCL Corporation surges after its arm divests beneficial holding in Quaker Houghton

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GOCL Corporation is currently trading at Rs. 277.00, up by 1.75 points or 0.64% from its previous closing of Rs. 275.25 on the BSE.

The scrip opened at Rs. 290.00 and has touched a high and low of Rs. 290.95 and Rs. 272.00 respectively. So far 5644 shares were traded on the counter.

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The BSE group ‘B’ stock of face value Rs. 2 has touched a 52 week high of Rs. 303.65 on 30-Jul-2021 and a 52 week low of Rs. 169.00 on 05-Nov-2020.

Last one week high and low of the scrip stood at Rs. 291.90 and Rs. 270.00 respectively. The current market cap of the company is Rs. 1378.36 crore.

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The promoters holding in the company stood at 73.83%, while Institutions and Non-Institutions held 4.60% and 21.57% respectively.

GOCL Corporation’s wholly owned subsidiary — HGHL Holdings, UK, has completely divested their beneficial holding in Quaker Houghton. The aggregate amount of consideration received by HGHL in this regard is $80 million approximately till date.

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GOCL Corporation is engaged in manufacturing industrial explosives, mining products, lubricants, speciality oils and chemicals, active pharma ingredients (bulk drugs) and pharma formulations.