Penny Stock Under Rs 20 Hits Upper Circuit, Announces 5:1 Bonus Shares – Delivers 24 per cent Return in Just One Week!
This stock is gaining momentum with impressive short-term returns and a strong future outlook.
Gujarat Toolroom Limited (GTL) has scheduled a Board of Directors meeting on January 6, 2025. The agenda includes approving a bonus share issuance in a 5:1 ratio, providing five bonus equity shares for every one share held. The shares will be issued by capitalizing the securities premium, subject to shareholder approval.
Stock Performance
GTL’s stock has delivered impressive returns, gaining 28 per cent in the last month and 24.69 per cent in the past week alone. The company currently has a market capitalization of Rs 420 crore, reflecting growing investor confidence fueled by its strong financial performance and ambitious projects.
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Company Overview
Established in 1991, GTL operates in sectors such as mining, gemstone trading, green energy, textile trading, and infrastructure development. With a diversified portfolio, the company is well-positioned to tap into multiple growth opportunities across domestic and international markets.
Global Presence and Subsidiaries
GTL’s subsidiaries enhance its global reach. Gujarat Toolroom Zambia Limited focuses on gold mining, with operational mines projected to generate Rs 750 crore annually by FY25. GTL Gems DMCC, based in Dubai, trades in gemstones, gold bars, and jewelry, contributing significantly to the company’s international business.
Green Energy Initiatives
The company is advancing in green energy with a Rs 572.5 crore hybrid project in Gujarat. The facility integrates solar and wind technologies to produce 97.5 MW/hour of renewable energy, aiming to supply clean energy to over 70,000 households and generate annual profits of Rs 145 crore.
Impact on Shareholders
The proposed bonus shares will reward shareholders, enhancing their value and confidence in the company. Combined with strong stock performance and ongoing expansion, GTL continues to demonstrate its commitment to growth and value creation.
Disclaimer: The article is for informational purposes only and not investment advice.