Gulshan Polyols rose 4.05% to Rs 298 at 12:04 IST on BSE after the company said it signed a pact with the Orient Paper and Industries to set up a plant in Madhya Pradesh.
The announcement was made after market hours yesterday, 3 March 2015.
Meanwhile, the BSE Sensex was up 148.55 points, or 0.50%, to 29,742.28.
On BSE, so far 1,493 shares were traded in the counter, compared with an average volume of 6,358 shares in the past one quarter.
The stock hit a high of Rs 305 and a low of Rs 294.80 so far during the day. The stock hit a 52-week high of Rs 323.50 on 23 February 2015. The stock hit a 52-week low of Rs 69 on 5 March 2014.
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The stock had outperformed the market over the past one month till 3 March 2015, rising 25.07% compared with 2.05% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 22% as against Sensex's 4.05% rise.
The small-cap company has an equity capital of Rs 4.44 crore. Face value per share is Rs 5.
Gulshan Polyols said it entered into a Memorandum of Understanding (MoU) on 2 March 2015 with Orient Paper and Industries (OPIL), Birla Group for setting up an onsite PCC (precipitated calcium carbonate) plant for making writing paper in their paper mill located at Amlai, Madhya Pradesh. This is the sixth onsite plant set up by the company for supply of specialty PCC / WGCC (wet ground calcium carbonate) suitable for paper industry.
Net profit of Gulshan Polyols rose 63.62% to Rs 8.77 crore on 38.45% rise in net sales to Rs 114.10 crore in Q3 December 2014 over Q3 December 2013.
Gulshan Polyols (GPL) is a multi location, multi product manufacturing company and has become a market leader in most of its products in India with global presence in 35 countries, across 3 continents. Its business portfolio covers starch sugars, calcium carbonate; agro-based animal feed, alcohol business and on-site PCC plants. GPL provides solution to diverse range of industries and niche markets in core sector i.e. from toothpaste to alcohol, from sweeteners to paints, from paper to medicines, from plastics to personal care.
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