Review

GUJARAT ALKALIES & CHEMICALS LTD. 

Ticker : 530001
FV: Rs 10
52-Week H/L: Rs 486.50/304.35

We recommended Gujarat Alkalies & Chemicals Limited in volume no. 37, issue no. 34, dated June 14, 2021. Gujarat Alkalies & Chemicals Ltd is an Indian chemical manufacturing company. On the consolidated quarterly front, the company recorded net sales & operating income of Rs 671.42 crore for Q4FY21, recording a growth of 8.01 per cent from its net sales and operating income of Rs 621.63 crore reported for Q4FY20. The operating profit ascended by 7.66 per cent to reach Rs 105.38 crore in Q4FY21 from Rs 97.88 crore posted in Q4FY20. The net profit was reported at Rs 34.96 crore in Q4FY21 from Rs 11.88 crore in Q4FY20, clocking attractive gains. The revised credit ratings for the bank facilities and instrument of the company continue to gain strength from its strong position in the domestic chlor-alkali industry. Hence, we recommended our investor-readers to BOOK PROFIT at Rs 464.80 per share as of July 12, 2021, with a gain of 8.30 per cent.