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Godawari Power gains 5.14% after NCLT merger approval

after close1 source ↓written by the desknot a recommendation

to ₹264.10 following
5.14%

Godawari Power and Ispat Limited (GPIL) shares surged 5.14% to ₹264.10 following NCLT approval for the merger with its subsidiary, Godawari Energy Limited. The stock reached an intraday high of ₹264.80 after opening at ₹251.85. This merger is expected to enhance operational efficiencies and market positioning.

Not investment advice. For informational purposes only.

OI Charts is not a SEBI-registered investment adviser or research analyst. This bulletin was written by the OI Charts desk from the public sources listed here. It is commentary on market conditions, not a basis for any investment decision and not a recommendation to buy or sell any security. Prices as of 24 Mar 2026, 16:04 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

GPIL closed +5.3% on the day of the news, from ₹263.40 to ₹277.30; Nifty +1.7% over the same session.

Bulletin at 16:04 IST on 24 Mar 2026. Every change is measured from ₹263.40, the last close before it, on 24 Mar. Nifty 50 is measured over the same sessions.

  • GPIL close ₹
  • Nifty 50, rebased to the close before the news
  • close before the news
  • above it
  • below it
GPIL closes around the bulletin against the close before the news, with Nifty 50 rebased to it229.37263.40297.43axis spans 30%before the news · 24 Mar263.40Nifty 50GPILbulletinD0+1+3+518 Mar1 Apr13 AprReference close ₹263.40. 16 sessions from 18 Mar to 13 Apr; the price axis spans 30 percent.
price axis fixed at 4 × the 14-session true range around the close before the news · values printed at each marked session
Closes after the news against the close before it, with Nifty 50 over the same span
SessionClose ₹Change %Nifty %
Before24 Mar₹263.40basebase
On the day25 Mar₹277.30▲ +5.3%▲ +1.7%+3.6 pp difference
+1 session27 Mar₹272.10▲ +3.3%▼ −0.4%+3.7 pp difference
+3 sessions1 Apr₹278.65▲ +5.8%▼ −1.0%+6.8 pp difference
+5 sessions6 Apr₹275.30▲ +4.5%▲ +0.2%+4.3 pp difference
Gap at the open, % · ₹
▲ +1.0%+2.61 on 25 Mar
Day's range, % · ₹
6.4%≈ 17 high to low
Volume on the day
2.94×the 20-session average
Futures OI on the day
—
Futures OI open, lots
—
Futures premium, ₹
—
Puts per call, by OI
—
Max pain
—

Source NSE UDiFF bhavcopy · GPIL on the desk →

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