In early trading on March 7, Gujarat Toolroom (GTL) experienced a 5 percent surge in its share price following an announcement of a significant order worth Rs 29 crore from Reliance Industries Limited for construction supplies.
At 9:34 am, Gujarat Toolroom was trading at Rs 59.95 on the BSE, marking an increase of Rs 2.82 or 4.94 percent.
This order signifies the beginning of what appears to be a promising collaboration between GTL and Reliance Industries. GTL expressed confidence in its capabilities, stating that while this initial order underscores the trust placed in them, they anticipate further orders from Reliance Industries Limited in the near future.
The share price of GTL had reached 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. Presently, the stock is trading 3.74 percent below its 52-week high and 572.09 percent above its 52-week low.
