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HomeSHARE MARKET20% Upper Circuit Hit; 3,402 Crore Land Sell; Don't Sell This Share...

20% Upper Circuit Hit; 3,402 Crore Land Sell; Don’t Sell This Share Before ₹500

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GOCL Corporation Ltd (NSE: GOCLCORP): A tremendous rise was seen in the shares of GOCL Corporation on the last trading day. The company’s shares hit an upper circuit of 20% and reached an intraday high of Rs 454.60.

This rise in the shares is not a small thing. Squarespace Builders and the Hinduja Group have agreed to sell a part of the land valued at Rs 34.02 billion.

What Are The Details?

The defence sector uses GOCL Corporation products like precision detonators and igniters for missile systems.

In the last six months, shares of the company have dropped by about 3.4 percent, underperforming the Nifty 50 index which gained 14 percent during the same period.

Brokerage Opinion

According to data, GOCL Corporation’s share price is up 41% over the last year and has underperformed its sector by 15.81%.

The stock opened with a gap-up opening of around 20% in Thursday’s session after the company inked an agreement with Squarespace Builders to monetize 264.5 acres of land in Hyderabad for ₹3402 crore, said a Market analyst.

The expert advised that the stock would be a good buy on a pullback to possible targets of 490 and 495 with a trading stop loss at 400.

About GOCL Corporation Ltd 

GOCL Corporation Limited is an India-based multi-division, multi-location company. 

The Company operates a range of businesses in commercial explosives, energetics, mining chemicals and accessories, and realty. 

The Company’s operating segments include enterprises in energetics, explosives, and realty or property development. 

Its Energetics Division is engaged in manufacturing mining and infrastructure project accessories. 

DL Explosives Limited is a wholly-owned subsidiary of the Company that produces and markets bulk and cartridge explosives for mining and infrastructure projects. 

Its Property development division is engaged in the development of properties in Bangalore and Hyderabad into special economic zones (SEZ), industrial parks, and commercial conglomerates. 

The Company offers various products and services, such as energetic accessories for mining, defense, and space, explosives for mining, realty, and electronic printed circuit board assemblies.

Fundamental Analysis of GOCL Corporation Ltd

Market Cap₹ 2,254 Cr.
Current Price₹ 454.60
52-wk High₹ 641 
52-wk Low₹ 289
Stock P/E41.9
Book Value₹ 282
Dividend1.10 %
ROCE5.68 %
ROE3.13 %
Face Value₹ 2.00
P/B Value1.61
OPM-1.05 %
EPS₹ 11.5
Debt₹ 1,508 Cr.
Debt to Equity1.08

GOCL Corporation Ltd Shareholding Pattern

Promoters Holding
Dec 202273.83%
Mar 202373.83%
June 202373.83%
Sept 202373.83%
Dec 202373.83%
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FII Holding
Dec 20222.91%
Mar 20233.31%
June 20233.44%
Sept 20233.44%
Dec 20230.07%
DII Holding
Dec 20221.33%
Mar 20231.26%
June 20231.26%
Sept 20231.25%
Dec 20232.69%
Govt. Holding
Dec 20220.30%
Mar 20230.30%
June 20230.30%
Sept 20230.30%
Dec 20230.30%
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Public Holding
Dec 202221.64%
Mar 202321.31%
June 202321.17%
Sept 202321.16%
Dec 202323.10%

GOCL Corporation Ltd Share: Last 5 Years’ Financial Condition

To better understand how the market is performing, let’s look at the outlook of this share in the previous years. 

However, investors should be aware of the risks and the market conditions before making any investment decision.

Last 5 Years’ Sales:

2019₹ 532 Cr
2020₹ 499 Cr
2021₹ 416 Cr
2022₹ 498 Cr
2023₹ 769 Cr

Last 5 Years’ Net Profit:

2019₹ 41 Cr
2020₹ 50 Cr
2021₹ 79 Cr
2022₹ 176 Cr
2023₹ 57 Cr
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Last 5 Years’ Debt-To-Equity Ratio:

20190.24
20201.31
20210.95
20220.38
20230.25

Last 10 Years’ Profit Growth:

10 Years:-1%
5 Years:5%
3 Years:-7%
Current Year:-76%

Last 10 years’ Return on Equity (ROE):

10 Years:4%
5 Years:5%
3 Years:5%
Last Year:3%

Sales Growth Over 10 Years:

10 Years:-3%
5 Years:14%
3 Years:23%
Current Year:-5%

Conclusion

This article is a complete guide about GOCL Corporation Ltd Share. This information and forecasts are based on our research, company fundamentals, history, experiences, and technical analyses. 

Also, We have discussed the share’s prospects and growth potential in detail.

This information will help you in your further investment. 

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