Gujarat Heavy Chemicals Limited (GHCL) is a small cap firm whose market capitalization 6,121 crores. The firm produces soda ash (anhydrous sodium carbonate), an important raw ingredient for the detergent, glass and ceramic industries, and sodium bicarbonate (baking soda) in the chemical industry. Sodium bicarbonate, an essential raw ingredient for sectors like bakery, pharma, fire extinguisher manufacturing and cleaning agents, is also produced by GHCL at the rate of about 65 thousand million tonnes per annum (MTPA). The company will pay the total dividend 15 per share to its shareholders, which will include regular dividend of 10 more special dividend 5, 150 percent payout overall.
The company said in a BSE exchange filing that “the board of directors has recommended a total dividend”. 15 per equity share 10/- each i.e. 150% on the paid-up equity capital (including regular dividend of ₹) 10 per share and a special dividend of 5 per share), for the financial year ended March 31, 2022. The dividend shall be paid on or after Monday, the 4th July, 2022, if approved by the members at the ensuing Annual General Meeting.”
Gujarat Heavy Chemicals shares rose on NSE 280.40 on June 7, 2021 639.00 as of June 3, 2022, 3:30 PM IST, representing a multibagger return of 127.89 per cent in a year. On a year-to-date (YTD), the stock has increased from 377.80 at the last traded price on January 3, 2022, representing an increase of 69.14 percent so far in 2022. In the past six months, the stock has climbed 55.99 percent, and in the past month, it has risen by 7.30. Percent. The stock has gained 4.60 per cent in the last five trading days, but has declined in the last two days and is down -3.61 per cent in that time.
Shares hit 52-week high 682.00 on June 1, 2022, and 52-week low of 257.15 on June 2, 2021, indicating that the company is down 6.30 percent from its 52-week high and its 52-week low based on previous trading 148.49 percent above. worth. GHCL is trading higher than the 5-day, 20-day, 50-day, 100-day and 200-day moving averages based on the previous trading price. The company operates a soda ash manufacturing facility at Sutrapada, Gujarat with a throughput of 11 lakh MTPA and plans to expand it to another 500,000 MTPA by the end of 2025.