2665% Gain In 2-Yrs, Rs 29 Cr RIL Order: Penny Stock Likely To Declare 165% Dividend On April 8

Board of Directors of SME company Gujarat Toolroom are scheduled to hold a meeting on April 8, 2024 to discuss various matters including declaration of dividend for the financial year. Last trading price of Gujarat Toolroom share on BSE is Rs 45.08 per share with intraday fall of 4.47%.

Gujarat Toolroom shares zoomed 381% in last 1-year. The company informed on April 4 that it is likely to declare dividend in the range of 100% -165% on Monday. Earlier last month on March 6, Gujarat Toolroom secured Rs 29 crore order from Reliance Industries Limited (RIL). Check details below:

Gujarat Toolroom To Consider Dividend: As per the regulatory filing of the company April 4, 2024, "We are pleased to inform you that a meeting of the Board of Directors of Gujarat Toolroom Limited is scheduled to be convened on Monday - April 8, 2024, at 12:00 P.M to discuss various matters, including the declaration of dividend for the current financial year. In light of the company's strong financial performance and prudent financial management, we are considering proposing a dividend payout to our valued shareholders. The proposed dividend is anticipated to be in the range of 100% - 165%."

This decision underscores our commitment to rewarding our shareholders for their steadfast support and trust in Gujarat Toolroom Limited. We are pleased to note that the company is in a profitable position and maintains sufficient reserves to facilitate this initiative, added the BSE filing.

Order From RIL: Gujarat Toolroom Limited announced successful acquisition of a significant order valued at Rs. 290 Million (Rs. 29 Crore) from Reliance Industries Limited for construction supplies. This substantial order marks the first part of a promising collaboration between GTL and Reliance Industries Limited.

Gujarat Toolroom Share Performance & Return: The 52-week high price of Gujarat Toolroom shares on BSE is Rs 62.97 per share and 52-week low price is Rs 8.92 per share, respectively. The company's market capitalisation stood at Rs 250.44 crore. Gujarat Toolroom shares declined 19% in last 1-month, gave return of 88% in last 6-months, and offered gain of 2665% in last 2-year. In last 3-years, Gujarat Toolroom stock surged 8916%.

Gujarat Toolroom Stock Split: Gujarat Toolroom split face value of its shares once since March 6, 2023. Gujarat Toolroom last split/sub-divided face value of its shares from Rs 10 to Re 1 in 2023. The share traded ex-split as on March 6, 2023.

Gujarat Toolroom About: It came into existence in 1992 in technical collaboration with Schober AG. Switzerland, Gujarat ToolRoom Limited is professionally managed by a team of young and dynamic engirneers committed to precision and quality. We have designed and manufactured more than 300 high precision moulds, according to its official website.

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