Team News Riveting
Raipur, April 6
The Bombay Stock Exchange (BSE) has sought for a clarification from Godavari Power and Ispat Limited (GPIL) on the significant stock price movements.
“The Exchange has sought clarification from Godawari Power and Ispat Ltd on April 6, 2021 with reference to significant movement in price, in order to ensure that investors have latest relevant information about the company and to inform the market so that the interest of the investors is safeguarded,” the BSE said in a communication.
The reply is awaited, it added.
The company’s share opened at Rs 796 and surged to Rs 814 in the early trade on Tuesday, recording 52 weeks high. It had previously closed at Rs 792.45.
Godawari Power and Ispat Limited (GPIL) is a flagship arm of Chhattisgarh-based Hira Group of Industries having a dominant presence in the long product segment of the Steel industry mainly into mild steel wire.
