This Small-cap Refinery inventory is in focus because it jumped 7 % after saying an MoU with Jawaharlal Nehru Port Authority for the event of Vadhvan port for the dealing with of Cargo.
Share Worth Motion
With a market capitalization of Rs. 1,575 Crore, the inventory of Gandhar Oil Refinery opened at Rs. 156.95, up 3.63 % from yesterday’s shut, and after opening, it made a excessive of Rs. 161.50, up 6.63 % following its MoU Information.
Replace from the Firm
Gandhar Oil Refinery signed an MoU (Memorandum of Understanding) with JNPA (Jawaharlal Nehru Port Authority) to develop a terminal at Vadhvan Port situated in Maharashtra. They’ll deal with container, bulk, and liquid cargo and improve infrastructure and digital providers.
Complete CAPEX for the venture might be roughly Rs. 1,000 Crore, and the venture is predicted to begin within the 12 months 2030. Topic to a aggressive bidding course of.
Additionally learn: Smallcap inventory in focus after it plans to amass Biryani By Kilo; Analyst offers purchase score
In regards to the Firm
Based in 1992 and headquartered in Mumbai, Gandhar Oil Refinery is a distinguished specialty oil firm, primarily engaged in producing a variety of white oils, petroleum jelly, liquid paraffin, and different specialty merchandise. The corporate caters to numerous sectors, together with healthcare, private care, automotive, industrial, and meals processing industries.
Monetary Highlights
The corporate reported an 8.88 % YoY lower in income from Rs. 1,103 Crore in Q3FY24 to Rs. 1,005 Crore in Q3FY25. On a QoQ foundation, the corporate reported a rise of seven.48 % in income from Rs. 935 Crore within the earlier quarter.
Their Internet revenue noticed a lower of 60.78 % YoY from Rs. 51 Crore to Rs. 20 Crore for a similar interval. On a QoQ foundation, the corporate reported a rise of 11.11 % in Internet revenue from Rs. 18 Crore within the earlier quarter.
Written By Abhishek Das
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