Introduction:
Smallcap company has successfully monetized an additional 11 acres of land in Kukatpally, Hyderabad, generating ₹142.15 crore. This follows a prior announcement regarding the sale of land parcels and is part of an ongoing land optimization strategy.
Share price movement of GOCL Corporation:
On December 5, 2024, GOCL Corporation Ltd. opened at ₹408.35, up 0.77% from its previous close of ₹405.20. The stock reached a high of ₹419.95 (3.64%) and a low of ₹405.00. By 12:21 PM, it traded at ₹407.55, a 0.58% increase, with a market cap of ₹2,020.34 crore.
GOCL Corporation land monetization:
GOCL Corporation Limited has announced the successful monetization of an additional 11 acres of land in Kukatpally, Hyderabad. The sale, valued at ₹142.15 crore, follows the earlier communication on March 27, 2024, regarding the land monetization of 264.50 acres.
The recent transaction is in line with the company’s Memorandum of Understanding (MoU) and is part of its ongoing efforts to optimize its land holdings. This move further bolsters GOCL Corporation’s financial position and contributes to strengthening its portfolio for future growth.
GOCL Corporation also reassured stakeholders that it will provide updates on additional land sales as they occur. The company remains committed to executing its land monetization strategy in a timely manner, ensuring continued value creation for shareholders.
Recent news on GOCL Corporation:
As of November 8, 2024, GOCL Corporation’s Board approved Hinduja National Power Corporation’s request to issue securities up to ₹450 crore, reducing HNPCL’s loan on GOCL’s land parcels. The company will receive a 1.50% annual commission.
Ace investor holding in GOCL Corporation:
Dilipkumar Lakhi
Dilipkumar Lakhi holds a 1.06% stake in GOCL Corporation Ltd, amounting to 527,074 shares valued at ₹21.4 crore. This investment highlights his significant ownership in the company, reflecting confidence in its growth potential.
Stock performance of GOCL Corporation for Period of 1 week, 6 months and 1 year:
GOCL Corporation Ltd has shown a positive short-term performance, with a 5.60% return over the past week and a 2.70% gain over the last six months. However, the stock has seen a decline of 21.90% over the past year.
Shareholding pattern of GOCL Corporation:
| All values in % | Sep 2024 | Jun 2024 | Mar 2024 |
| Promoter | 72.80% | 72.80% | 72.80% |
| FII | 0.10% | 0.10% | 0.10% |
| DII | 1.60% | 1.60% | 3.10% |
| Public | 25.50% | 25.50% | 23.90% |
About GOCL Corporation:
GOCL Corporation Ltd (NSE: GOCLCORP) is part of the Hinduja Group, specializing in Energetics, Mining & Infrastructure Services, and Realty. The group operates across diverse industries, employing over 200,000 people globally.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
