The rise in the stock price came after the company announced that it has commenced the commercial operations of ethanol at a 250 KLPD capacity grain-based ethanol plant at Goalpara, Assam
Shares of Gulshan Polyols Ltd. surged to over four-month high on Tuesday after it received a Rs 571.5 crore contract to supply ethanol to oil marketing companies.
The company will supply 89,404 kilolitres of ethanol from its Boregaon plant to the OMCs till next October, according to an exchange filing on Monday.
Sensex, Nifty updates| Find here all the live updates related to Sensex, Nifty, BSE, NSE, share prices and Indian stock markets for 05 December 2023. Benchmark stock indices Sensex and Nifty settled at new peaks on Tuesday, rallying for the sixth straight session amid massive buying in power and utility sector shares. The 30-share BSE Sensex jumped 431.02 points, or 0.63 per cent, to close at a new record high of 69,296.14. The broader index Nifty also climbed 168.50 points, or 0.81 per cent to hit its lifetime high of 20,855.30.
The global Polyol Sweeteners market size is expected to reach USD 5015.2 million by 2030 and exhibit a CAGR of 5.79% in the forecast period (2023−2030),...
Shrikant Chouhan of Kotak Securities says 17,625 could be the range breakout level for the day traders. Above that, the breakout continuation formation is likely to continue up to 17,665-17,725 levels.
Nagaraj Shetti of HDFC Securities feels if a crucial support of 14,900 is broken decisively on the downside, then the bets of upside breakout could be off and more weakness could be set in.