GOCL Corporation hit an upper circuit limit of 20% to Rs 328.50 after the company said that its wholly-owned subsidiary, IDL Explosives, has bagged an order worth Rs 592.45 crore from Coal India.
The order is for supplying bulk explosives over a period of 2 years.The stock was currently frozen at its 52-week high level of Rs 328.50. It has risen 94.38% from its 52-week low of Rs 169 hit on 5 November 2020.
GOCL Corporation provides energetics, mining, and infrastructure development services. The company manufactures and markets explosives, detonators, explosive bonded metal clads, and special devices for defence and space applications. It also undertakes large scale mining services in coal, iron ore, limestone and bauxite mines.
The company's consolidated net profit jumped 30.3% to Rs 23.62 crore on 34.4% surge in net sales to Rs 141.78 crore in Q1 June 2021 over Q1 June 2020.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app