Summary:
GSFC and GIPCL's shares ended the day at Rs 88.25 and Rs 69.45, while their 52-week low levels are Rs 85.60 and Rs 68, respectively. BSE's 250 small-cap and 150 mid-cap indices have declined by 10.45% and 9.23%, respectively since the beginning of 2019. AHMEDABAD: The share prices of Gujarat government-run public sector undertakings (PSUs) have continued their downward march in line with overall bearish trend in small and medium cap indices. GMDC touched a yearly low of Rs 69 on Thursday and recovered to close at Rs 75.30 on Friday.Bearish sentiment in mid-cap and small-cap indices have taken a toll on several medium and small-sized companies, including Gujarat PSUs. Three PSUs - Gujarat Narmada Valley Fertilizers and Chemicals Limited (GNFC), Gujarat Gas Limited (GGL) and Gujarat State Petronet Limited (GSPL) - saw their stocks making new 52-week low in intraday trades on Friday.Other listed state PSUs such as Gujarat Alkalies and Chemicals Ltd (GACL), Gujarat Industries Power Company Ltd (GIPCL) and Gujarat State Fertilizers and Chemicals Ltd (GSFC) have pared gains and are now trading near their 52-week low marks.GACL's stock on Friday closed at Rs 446 per share as against its 52-week low of Rs 433.75..