GSPL shares: Mirae Asset Mutual Fund held 4,83,53,196 shares, or 8.57 per cent, stake in GSPL at the end of March quarter. It further cut its stake to 4,65,69,163 shares or 8.25 per cent, before selling further GSPL shares.
GSPL share price target: ICICI Securities said the regulator seems to have disagreed materially with the GSPL on almost all tariff parameters, cutting assumptions on capex, opex and applicable volumes, driving the steep change.
Shares of Gujarat State Fertlisers & Chemicals (GSFC) fell 2.61 per cent to Rs 149.30 while those of GMDC plunged 4.6 per cent to Rs 152.40. Gujarat State Petronet also fell 1.3 per cent to Rs 280.10.
Gujarat Industrial Power climbed 16.87 per cent to hit a high of Rs 88.95 on BSE. Shares of Gujarat State Fertlisers & Chemicals (GSFC) soared 10 per cent to hit their upper circuit limit at Rs 140.45 on BSE.