Stocks

GHCL sees best session in over 5 months as Q4 profit surges

Reuters April 26 | Updated on April 26, 2019 Published on April 26, 2019

Shares of GHCL Ltd has climbed up to 9.6 per cent on Friday to ₹ 264.50, their biggest intra-day percent gain since Oct 31, 2018.

The chemicals company has posted 44.9 per cent jump in March-quarter consolidated profit on Thursday. More than 1.5 million shares have changed hands, 11.7 times their 30-day moving average volume.

The stock has estimated PE of 6.66, well below sector average of 22.2.

Published on April 26, 2019
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