GHCL hits new high amid heavy volumes; stock surges 28% in one week

GHCL had received 'No adverse observation/ No objection' letters from the BSE and the National Stock Exchange of India for a proposed scheme of arrangement on March 3

Shares of GHCL hit a new high of Rs 528.85, surging 7 per cent on the BSE in Monday's intra-day trade, amid heavy volumes. It surpassed its previous high of Rs 499.45 touched on March 11, 2022.

The stock of the commodity chemicals company was trading higher for the fifth straight day, having rallied 28 per cent in the past 1 week, as compared to 6 per cent rise in the S&P BSE Sensex. At 01:43 PM, GHCL was up 6 per cent at Rs 524, as against 1.2 per cent gain in the benchmark index. Trading volumes on