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Good Luck Steel soars on getting RDSO’s nod for fabrication and supply of SteelBridge Griders

22 Dec 2015 Evaluate

Good Luck Steel Tubes is currently trading at Rs 103.00, up by 3.10 points or 3.10% from its previous closing of Rs. 99.90 on the BSE.

The scrip opened at Rs. 101.50 and has touched a high and low of Rs. 104.80 and Rs. 100.50 respectively. So far 82147 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 117.85 on 15-Jul-2015 and a 52 week low of Rs. 64.90 on 24-Dec-2014.

Last one week high and low of the scrip stood at Rs. 104.80 and Rs. 93.50 respectively. The current market cap of the company is Rs. 227.76 crore.

The promoters holding in the company stood at 60.46% while Institutions and Non-Institutions held 0.17% and 39.37% respectively.

In line with company’s growth strategy, Good Luck Steel Tubes has received approval from Research Design & Standards Organization (RDSO), Ministry of Railway, for fabrication and supply of SteelBridge Griders.

The company is visualizing a huge scope of its products such as CDW tubes, forging, structure fabricated items in the Expansion of Railway Infrastructure. The company is eying a good amount of share from different railway projects. Good Luck has already got entry in LHB coach parts & HTM, motor shaft in Electric loco engines.

Indian Railway, one of the world’s largest network, is in big ticket expansion mode with planned Dedicated Freight Corridors (DFCs) of around 6200 kms and upgrade feeder route to DFCs of around 6000kms. Further, Railway plan to convert all railway crossings to Railway Over bridges (ROBs) is offering around 3 million metric ton capacity of fabricated bridge.

 

Goodluck India Share Price

1233.10 43.00 (3.61%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Tata Steel 212.05
JSW Steel 1239.90
SAIL 173.50
Jindal Stainless 787.90
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View more..

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