This Stock Hits Upper Circuit Following Order Completion For Mukesh Ambani’s Reliance Industries
Summary
On Monday, the shares of were locked in upper ciruit of 5 per cent and closed at Rs 13.26. The share price jumped after the company announced completion order for s .As per the companys filing on the exchange, "we are delighted to inform you that Gujarat Toolroom Limited has successfully executed an order valued at 310 million for Reliance Industries Ltd. This achievement marks another significant milestone in our collaboration with Reliance Industries, underscoring our capability to deliver high-quality projects within stipulated timelines. With this execution, Gujarat Toolroom Limited has now successfully completed orders amounting to 600 million for Reliance Industries in the current financial year. Institutional investors, including Zeta Global Funds and Eminence Global Fund PCC Trade Fund, made significant contributions to the sale.As per the companys filing on the exchange, Gujarat Toolroom is delighted to announce the successful completion of its Qualified Institutional Placement (QIP), raising 50 crore through the issue and allotment of 4,34,78,260 equity shares at a price of 11.50 per share, including a premium of 10.50 per share.