Gujarat Fluorochemicals yesterday announced its foray into batteries for EVs. It has set up a wholly owned subsidiary for this very purpose - GFCL EV Products Limited.

The company will operate in the areas of providing solutions for entire value chain of all types of batteries, battery components and products for Electric Vehicles etc.

Though the volumes are not very high, the stock price today opened 1.5% higher at Rs.2291.60 and rose further by over 2.5% to Rs.2321.45. Its 52-week high is at Rs.2547.20.