Gujarat Cotex

Shares of Gujarat Cotex ended 5% higher at ₹3.25 apiece in Monday's trade, 17 August, after the company announced plans to expand and diversify its business activities through the establishment of two new business divisions, namely "Prabhat Oils" and "Prabhat Infratech". In its regulatory filing on Monday, Gujarat Cotex said it is proposing to establish Prabhat Oils as a business division focused on opportunities in the edible oils and refined oils sector. The proposed activities may include, inter alia, trading, processing, refining, job work and other allied activities relating to edible and refined oils.