GHCL has been hitting new highs consistently for the past couple of days. Today too, it hit an all-time high at Rs.682.20 and is now trading at Rs.659 levels.
The stock has been hitting highs as many analysts and brokerage houses have given it a “buy” based on the emerging dynamics of the caustic soda industry.
The company, which is the largest single location manufacturer of soda ash, is likely to benefit from price and volume growth.
The global and domestic soda ash market is witnessing a scenario where demand is fast outstripping supply and this is a good situation for companies like GHCL, Tata Chemicals as it will mean a much higher pricing.