# Gujarat Cotex shares hit 5% upper circuit on diversification plan 2026-08-17T13:12:39+00:00 | Business & Economy | Indian Opinion Desk Corroboration: 1 independent outlet Shares of Gujarat Cotex rose 5% to Rs 3.25 on Monday after the company announced plans to launch two new business divisions, Prabhat Oils and Prabhat Infratech. The penny stock hit the upper circuit in Monday's trade following the announcement. The proposed division Prabhat Oils will focus on trading, processing and refining edible oils, leveraging the Prabhat brand and the promoter group's experience. Prabhat Infratech will explore residential and commercial development projects in and around Surat, as well as opportunities in Dholera Smart City. The proposals will be placed before the board for approval. Subject to board and regulatory clearances, the company plans to commence activities in a phased manner. ## Coverage - livemint.com This story was synthesised by AI from the source linked above. Tags: Dholera Smart City, Gujarat Cotex, Surat Canonical: https://indianopinion.org/gujarat-cotex-shares-hit-5-upper-circuit-on-diversification-plan/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/gujarat-cotex-shares-hit-5-upper-circuit-on-diversification-plan/#story-in-brief Review state: restored archive article, accurate at time of publication, not offered to search indexes. How this brief was made: an AI model read the report linked above and wrote this summary and analysis, which were published automatically. Published briefs are sampled every hour by an automated quality check; the editor verifies its findings and approves corrections, and corrected briefs carry a dated correction line. We do no original reporting. Methodology: https://indianopinion.org/ai-use-policy/