Gujarat Toolroom Shares Hit 5% Upper Circuit For 2nd Straight Day: Check Why?

Gujarat Toolroom shares hit an upper circuit of 5% on January 3, 2025, for the consecutive second trading session at ₹18.98. The increase in shares of Gujarat Toolroom follows a 5% upper circuit at ₹18.08 on the BSE on January 2, 2024. The extensive gain in Gujarat Toolroom share price follows the company’s announcement that it will consider a 5:1 bonus share issue in its upcoming board meeting on January 5.

Why Gujarat Toolroom Shares are Rising?

The company in the exchange filing stated that “Pursuant to Regulation 29(1)(f) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that a meeting of the Board of Directors of Gujarat Toolroom Limited is scheduled to be held on Monday, January 6, 2025, to consider and approve the proposal for issuance of bonus shares in the ratio of 5:1 (five bonus equity shares for every one equity share) to the eligible equity shareholders of the Company as on the proposed record date by capitalisation of securities premium, subject to the approval of the shareholders of the Company.“

Gujarat Toolroom Q2 FY25 Performance

Gujarat Toolroom Ltd reported a 73% increase in revenue, reaching ₹271.05 crore in Q2 of 2024-2025 compared to the same period last year. On a quarterly basis, the company saw a 2.53% growth in revenue over the past three months. Additionally, the net profit surged by 1016.25%, rising to ₹26.79 crore in Q2 2024-2025, compared to the same period last year. On a quarterly basis, Gujarat Toolroom Ltd achieved a 17.86% increase in net profit over the last three months.

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