Shares of small-cap company Gujarat Toolroom were in focus today, with its stock price rising by 2%. The stock hit an upper circuit limit, reaching an intraday high of ₹12.16.
This is the second consecutive day of positive movement for the stock, as it had also hit an upper circuit limit of 2% on Monday. The rise in shares comes after the company reported impressive results for the September quarter.
September Quarter Results Show Strong Growth
Gujarat Toolroom’s net profit for the September quarter surged to ₹26.78 crores, compared to ₹2.4 crores in the same quarter last year.
This marked an 18% increase from the ₹22.73 crores profit in the June quarter. The company’s total income grew by 73% year-on-year (YoY), reaching ₹271 crores, up from ₹156.7 crores in the same period last year.
Compared to the previous quarter (June), the income also saw a small increase of 2.5%.
In the first half of FY25, the company’s net profit skyrocketed to ₹49.13 crores, compared to just ₹3.2 crores in H1FY24.
Its total income for the first half of the year grew by over 239%, reaching ₹535.4 crores, compared to ₹157.8 crores in the previous year.
Stock Performance and Recent Trends
Before the recent rise, Gujarat Toolroom’s stock had been locked in a lower circuit for four consecutive sessions from November 5 to 8. Over the past year, the stock has fallen by more than 70%, and it is down over 65% in 2024 alone.
The current price is more than 73% lower than its 52-week high of ₹45.97. However, the stock has seen a 13% recovery from its 52-week low of ₹10.75, which was recorded in August 2024.
Recent Stock Movement and Decline in 2024
Before the recent gains, Gujarat Toolroom’s stock faced challenges. From November 5 to 8, the stock was locked in a lower circuit for four consecutive sessions.
Over the past year, the stock has declined more than 70%, and in 2024 alone, it has fallen by over 65%.
Currently, the stock is down over 73% from its 52-week high of ₹45.97, though it has seen a 13% rise from its 52-week low of ₹10.75 in August 2024.
