Shares of Gujarat Alkalies & Chemicals advanced after the company scheduled a board meeting on 27 September 2019 to consider stock-split proposal of equity shares of the company.
The announcement was made after market hours yesterday, 3 September 2019.
The Gujarat Alkalies & Chemicals (GACL) scrip is currently up 2.17% at Rs 401.05. The stock hit a high of Rs 403.15 and a low of Rs 398.20 so far during the day. On the BSE, 918 shares were traded in the counter so far compared with average daily volume of 2,881 shares in the past one quarter.
GACL is one of the largest producers of caustic soda in India. On a consolidated basis, the company's net profit declined by 13.3% to Rs 158.80 crore on a 0.6% fall in net sales to Rs 748.57 crore in Q1 June 2019 over Q1 June 2018.
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