Gala Global hits life time high

Gala Global Products hit a new life time high today at Rs.390 with volumes over 3 lakh shares.

The reason for this euphoria is that the Board is scheduled to meet today to discuss issue of bonus shares. Since the announcement on 12th March, the stock has been marching up relentlessly.

The company is a multi-colour offset printing and commercial printing firm and over the past couple of weeks has been making news.

In early March, it announce installation of new machinery which will enhance its capacity by three times and also  allow it to expand its horizon in security, digital and variable data printing.

And in Feb, it announced getting an order worth Rs 10.5 crore for printing and supply of educational books from Jharkhand Education Department to be completed in next two months. The company is in race for more orders worth Rs 17 crore from the same department.

The company had previously declared a bonus in Nov’17 in the ratio of one share for every twenty shares held.