/ Gujarat Fluorochem Up By Nearly 5% On Restructuring Plans ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Tuesday, 14 March 2017

Gujarat Fluorochemicals Limited plans to restructure its chemical business and remove the holding company discount. As part of the restructuring, the company will demerge its chemical business which is valued at Rs 5000 cr into a separate entity. Currently, the company works in four verticals, namely: chemicals, wind turbine manufacturing, wind farm and film exhibition.

In the morning hours on Tuesday, the stock touched high of Rs 621 per share, up by 5.1%. The stock has given nearly 28% returns on a YTD basis. The company is a part of INOX Group which holds 63% stake in INOX Wind; and 48% stake in INOX Leisure. 

Gujarat Fluorochemicals Ltd is currently trading at Rs 596.65, up by Rs 5.55 or 0.94% from its previous closing of Rs 591.1 on the BSE. The scrip opened at Rs 613.75 and has touched a high and low of Rs 621 and Rs 595.5 respectively. So far 242398(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 6496.19 crore.

The BSE group 'B' stock of face value Rs 1 has touched a 52 week high of Rs 666.65 on 27-Jul-2016 and a 52 week low of Rs 451 on 09-Nov-2016. Last one week high and low of the scrip stood at Rs 612 and Rs 524.2 respectively.

The promoters holding in the company stood at 68.33 % while Institutions and Non-Institutions held 8.14 % and 23.53 % respectively.

The stock is currently trading above its 200 DMA.

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