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GOCL Corporation trades jubilantly on selling 44.25 acres land at Kukatpally

GOCL Corporation Ltd. | Chemicals | Chemicals & Fertilizers | BSE: 506480 | NSE: GOCLCORP

30 Aug 2021 Evaluate

GOCL Corporation is currently trading at Rs. 283.60, up by 32.35 points or 12.88% from its previous closing of Rs. 251.25 on the BSE.

The scrip opened at Rs. 291.25 and has touched a high and low of Rs. 294.85 and Rs. 278.05 respectively. So far 21508 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 315.00 on 12-Aug-2021 and a 52 week low of Rs. 169.00 on 05-Nov-2020.

Last one week high and low of the scrip stood at Rs. 294.85 and Rs. 246.40 respectively. The current market cap of the company is Rs. 1245.51 crore.

The promoters holding in the company stood at 73.83%, while Institutions and Non-Institutions held 4.60% and 21.57% respectively.

GOCL Corporation has entered into an agreement dated August 27,2021 with Squarespace Infra City Private for sale of 44.25 acres land at Kukatpally, Hyderabad subject to requisite approvals, for a consideration of Rs.451.79 crore. The Company has received a payment of 100% of the consideration on execution of an Agreement. The transaction is expected to be completed in 3 to 6 months time.

The company had in the year 2012 entered into a Joint Development Agreement (JDA) in respect of 76.34 acres land situated at Kukatpally, Hyderabad with Hinduja Estates (HEPL). The remaining land of about 32.09 acres will continue under the JDA with HEPL for development based on approvals.

GOCL Corporation is engaged in manufacturing industrial explosives, mining products, lubricants, speciality oils and chemicals, active pharma ingredients (bulk drugs) and pharma formulations.

GOCL Corporation Share Price

338.70 15.25 (4.71%)

20-Apr-2026 16:59 View Price Chart

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GOCL Corporation trades jubilantly on selling 44.25 acres land at Kukatpally

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