Gujarat Heavy Chemicals Ltd (GHCL) has a market value of Rs 6,121 crore. The company manufactures Soda Ash (Anhydrous Sodium Carbonate), an important raw material in the detergent, glass, and ceramics industries, as well as Sodium Bicarbonate (baking soda) in the chemical sector. GHCL also produces sodium bicarbonate, an essential raw ingredient for industries such as bakery, pharmaceutical, fire extinguisher manufacturing, and cleaning agents at a rate of around 65 thousand million tonnes per year (MTPA). The corporation will pay a total dividend of $15 per share to its stockholders, consisting of a $10 regular dividend and a $5 special dividend, for a total payment of 150%.
The company stated in a BSE exchange filing that the Board of Directors has recommended a total dividend of 15 per equity share of 10/- each, i.e. 150 percent on the paid-up equity capital, for the fiscal year ended March 31, 2022 (including a regular dividend of 10 per share and a special dividend of 5 per share). If authorized by the members at the upcoming Annual General Meeting, the dividend will be paid on or after Monday, July 4, 2022.
On the NSE, Gujarat Heavy Chemicals shares have climbed from 280.40 on June 7, 2021 to 639.00 as of June 3, 2022, 3:30 pm IST, signifying a 127.89 percent multi-bagger return in a year. Year to date (YTD), the stock has increased from 377.80 on January 3rd, 2022 to the last traded price, showing a 69.14 percent gain in 2022. The stock has risen by 55.99 percent in the last six months and 7.30 percent in the last month. The stock has risen 4.60 percent in the last five trading days, but it has been losing in the last two days, dropping -3.61 percent.
Based on the last trading price, the stock attained a 52-week high of 682.00 on June 1, 2022, and a 52-week low of 257.15 on June 2, 2021, suggesting that the company is 6.30% below its 52-week high and 148.49% above its 52-week low. Based on the last traded price, GHCL is trading above the 5 day, 20 day, 50 day, 100 day, and 200 day moving averages. The company maintains a Soda Ash manufacturing unit in Sutrapada, Gujarat, with an 11 lakh MTPA throughput and wants to increase it by 500 thousand MTPA by the end of 2025.