Chemical Stock Skyrockets 18% After Promoter Buys Shares via Open Market

SYNOPSIS: Promoter acquired 3,529 shares via market purchase worth Rs. 15.22 lakh, marginally increasing holdings while maintaining 2.4 percent stake, with six-month lock-in and regulatory compliance on record maintenance.

During Thursday’s trading session, shares of a multi-product chemical manufacturing company and one of the leading manufacturers of Caustic Soda Lye surged nearly 18 percent on BSE, after the company’s promoter buys shares via open market on NSE.

Price Movement

With a market cap of Rs. 3,668 crores, shares of Gujarat Alkalies and Chemicals Limited closed in the green at Rs. 486.6 on BSE, up by around 13 percent, compared to its previous closing price of Rs. 431.4. The stock has delivered negative returns of around 9 percent in the last one year, but has gained by about 4 percent in one month.

The stock emerged as the top gainer in the BSE ‘B’ group during the session. Trading volumes surged significantly, with approximately 12.55 lakh shares traded on the BSE compared to a one-month average of just 2,108 shares. Similarly, on the NSE, trading activity witnessed a sharp spike, with around 230 lakh equity shares changing hands, versus 47,586 shares recorded in the previous session.

News

According to the latest disclosures with the stock exchanges, Gujarat Alkalies and Chemicals Limited has disclosed that one of the Promoters of the company, Gujarat Narmada Valley Fertilizers & Chemicals Limited (GNFC), has bought 3,529 equity shares on 18th March 2026, through a market transaction on NSE. The total transaction value stood at around Rs. 15.22 lakh, inclusive of all charges.

Prior to the transaction, the entity held 17,59,996 equity shares, representing around 2.4 percent stake. Post-acquisition, the shareholding increased to 17,63,525 equity shares, with the ownership percentage remaining unchanged at 2.4 percent, indicating a marginal increase in absolute holdings.

The company has confirmed that the shares will be held for a minimum period of six months, in line with regulatory requirements, and any early sale would require prior approval from the compliance officer. GNFC has also undertaken to maintain relevant transaction records, including broker contracts, payment proofs, and bank statements, for a period of three years for regulatory review.

Financials

Gujarat Alkalies reported a marginal growth in revenue from operations, experiencing a year-on-year increase of over 1 percent, from Rs. 1,029 crores in Q3 FY25 to Rs. 1,044 crores in Q3 FY26. However, its net loss widened by around 82 percent YoY during the same period, from Rs. 11 crores to Rs. 20 crores.

Gujarat Alkalies and Chemicals Limited, one of the leading manufacturers of Caustic Soda Lye, is engaged in the business of manufacturing chemicals. Among the total 8 active Chloromethanes manufacturers in India, the company is the market leader with a market share of about 19.65 percent, having a capacity utilisation of 80 percent, or producing 1.29 Lakhs MT of Chloromethanes during FY25, as against the total installed capacity of 1.61 Lakhs MTPA.

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Trade Brains Technologies Private Limited or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.

The post Chemical Stock Skyrockets 18% After Promoter Buys Shares via Open Market appeared first on Trade Brains.