Gulshan Polyols surges on bagging order from Government of Madhya Pradesh

Gulshan Polyols is currently trading at Rs. 261.75, up by 7.75 points or 3.05% from its previous closing of Rs. 254.00 on the BSE.

The scrip opened at Rs. 259.60 and has touched a high and low of Rs. 264.40 and Rs. 259.60 respectively. So far 10140 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 378.90 on 11-Apr-2022 and a 52 week low of Rs. 191.00 on 29-Mar-2023.

Last one week high and low of the scrip stood at Rs. 264.40 and Rs. 203.45 respectively. The current market cap of the company is Rs. 1320.18 crore.

The promoters holding in the company stood at 66.65%, while Institutions and Non-Institutions held 3.85% and 29.50% respectively.

Gulshan Polyols has received an order against tender floated by Excise Department, Government of Madhya Pradesh for supplying of Country Liquor for a quantity of 72 lakh proof liter in three districts of Madhya Pradesh i.e Chhindwara, Balaghat and Singrauli, for the financial year 2023-2024. 

Gulshan Polyols is engaged in manufacturing of ‘Sorbitol-70%’. Sorbitol, a starch derivative, sweet in taste, finds wide range application, the major uses in dentrifice, cosmetic, Pharma, Vitamin-C, food products etc.