Gujarat Toolroom shares rally 5% on bagging Rs 29-crore RIL order

The share touched a 52-week high of Rs 62.28 and a 52-week low of Rs 8.92 on 09 January, 2024 and 06 April, 2023, respectively.

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The share price of Gujarat Toolroom (GTL) gained 5 percent in the early trade on March 7 after the company won an order worth Rs 29 crore from Reliance Industries Limited for construction supplies.

At 9:34am, Gujarat Toolroom was quoting Rs 59.95, up Rs 2.82, or 4.94 percent, on the BSE.

This order marks the first part of a promising collaboration between GTL and Reliance Industries. “While this initial order is a testament to the trust and confidence placed in GTL’s capabilities, the company anticipates more such orders from Reliance Industries Limited in the near future,” GTL said.

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The GTL share touched a 52-week high of Rs 62.28 and a 52-week low of Rs 8.92 on January 9, 2024 and April 6, 2023, respectively. Currently, the stock is trading 3.74 percent below its 52-week high and 572.09 percent above its 52-week low.

Disclosure: Moneycontrol is a part of the Network18 group. Network18 is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.