The shares of Gujarat Alkalies And Chemicals Ltd. were trading at Rs. 604.35, up by 9.5% in today’s trading session.
The share price of Gujarat Alkalies And Chemicals Ltd. has increased by 36.56% in one month.
The recent increase in the share price is attributed to a rise in soda ash prices as well as good demand visibility from soda ash user industries.
Gujarat Alkalies and Chemicals Ltd. (GACL) is a company that manufactures industrial chemical products. With a production capacity of 1087 TPD, it is one of India’s largest producers of Caustic Soda.
The Company’s product basket includes Caustic Soda (Lye, Flakes / Prills), Liquid Chlorine, Hydrochloric Acid, Chloromethanes, Hydrogen Peroxide, Caustic Potash (Lye & Flakes), Potassium Carbonate, Aluminium Chloride, Phosphoric Acid, Chlorinated Paraffin, Poly Aluminium Chloride (various grades), Chlorotoluene, sodium Chlorate, etc. As of today’s date, this is Gujarat Alkalies And Chemicals share price
The shares of Gujarat Narmada Valley Fertilizers & Chemicals Ltd. were trading at Rs.405.65, up by 4.8% in today’s trading session.
The share price of Gujarat Narmada Valley Fertilizers & Chemicals Ltd. has increased by 22.17% in the last month.
The company deals in a chemical known as Toluene diisocyanate (TDI), and the price of this chemical has been steadily rising. The company has a domestic market share of 66% in Toluene diisocyanate (TDI) and 15% in acetic acid.
The company has increased the acetic acid prices in the domestic market of India.
Also, the shareholders of the company have approved the appointment of M/s Suresh Surana & Associates LLP as Statutory auditors of the company.
Gujarat Narmada Valley Fertilizers & Chemicals Limited (GNFC) is a joint venture between the Gujarat government and Gujarat State Fertilizers & Chemicals Ltd. (GSFC). GNFC, based in Bharuch, draws on the natural wealth of the land as well as the area’s industrially rich reserves. Initially, the company established its largest single-stream ammonia-urea fertilizer complexes.
The shares of Dish TV India Ltd. were trading at Rs.21.94, up by 6.7% in today’s trading session.
The share price of Dish TV India Ltd. has increased by 69.42% in the last month.
The stock rallied after the company announced that it had received notice from its largest shareholder, Yes Bank, to call an extraordinary general meeting (EGM).
Yes Bank, which owns 25.6% of Dish TV, has requested an EGM to appoint new independent directors and remove MD and Director Jawahar Lal Goel.
Yes Bank stated in its letter that on September 6, it issued notices for the removal and appointment of directors on Dish TV’s board of directors. The resolutions for the removal and appointment of directors were to be presented to the company’s shareholders at the company’s annual general meeting on September 27.
Dish TV, which is owned by Zee Group, informed Yes Bank on September 6 that a change in directorship requires prior approval from the Ministry of Broadcasting (MIB), and thus resolutions for the removal and appointment of directors cannot be put before shareholders at the AGM. Yes Bank, on the other hand, issued revised notices to the company on September 9.
“However, rather than putting the resolutions before the shareholders of the Company at the AGM, which was to be held on September 27, the Company is now seeking an extension of the date of holding the AGM based on unfounded reasons,” Yes Bank stated in a notice sent to Dish TV on September 23.
“In light of the Company’s dilatory tactics in presenting the resolutions to the shareholders, the Bank is compelled to issue the present notice under Section 100 of the Companies Act, 2013 for holding an extraordinary general meeting of the Company,” it added.
The shares of PVR Ltd. were trading at Rs.1517.00, up by 3.2% in today’s trading session.
The stock price dropped after the rating agency CRISIL downgraded the multiplex operator’s bank facilities and debt programs.
“The rating action reflects CRISIL Ratings’ expectation that PVR’s business risk profile will deteriorate over the medium term.” Prolonged restrictions on operations, both in terms of time and capacity, as well as the delayed opening of key states such as Maharashtra, have resulted in a delay in the release of Hindi content, affecting overall footfalls, according to CRISIL’s rating rationale.
While cinema halls have been permitted to open in the majority of states across the country, they are subject to varying levels of time and capacity restrictions. Because Hindi content has been limited, regional and English film releases have aided the operations thus far, according to the rating agency.
The shares of Indus Towers Ltd. were trading at Rs.317.60, up by 13.8% in today’s trading session.
The share price of Indus Towers Ltd. has increased by 43.22% in the last one month.
The stock has been rising since the government announced telecom reforms, which have increased the visibility of Vodafone Idea as a going concern.
On September 15, 2021, the Union Cabinet approved a relief package for the telecom sector (telcos), which includes a four-year moratorium on telecom companies paying statutory dues and allowing 100% foreign direct investment through the automatic route.
According to Indus Towers’ annual report for the fiscal year 2020-21 (FY21), the sector’s outlook remains positive, owing to a significant increase in data demand and the need for a better-connected nation in the post-pandemic world. The introduction of new technologies will amplify the role of passive infrastructure players such as ourselves. Indus Towers, with its nationwide presence and several industry best benchmarks, is well-positioned to invest in and capitalize on these opportunities.
Indus Towers Limited (formerly Bharti Infratel Limited) is India’s leading provider of passive telecom infrastructure, deploying, owning, and managing telecom towers and communication structures for a number of mobile operators. It serves all wireless telecom service providers in India. Bharti Airtel and Vodafone Group are classified as promoters of the Indus Tower, and as of June 30, 2021, they held 69.85% of the company’s shares. As of today’s date, this is Indus Towers share price
Disclaimer: This document and the process of identifying the potential of a company have been produced for only learning purposes. Since equity involves individual judgments, this analysis should be used for only learning enhancements and cannot be considered to be a recommendation on any stock or sector.