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ttam Galva Steels is currently trading at Rs. 34.45, up by 0.15 points or 0.44% from its previous closing of Rs. 34.30 on the BSE.
The scrip opened at Rs. 34.95 and has touched a high and low of Rs. 34.95 and Rs. 34.20 respectively. So far 17083 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 74.90 on 21-Jan-2015 and a 52 week low of Rs. 27.00 on 09-Nov-2015.
Last one week high and low of the scrip stood at Rs. 35.90 and Rs. 31.65 respectively. The current market cap of the company is Rs. 487.95 crore.
The promoters holding in the company stood at 60.87% while Institutions and Non-Institutions held 2.46% and 36.67% respectively.
Uttam Galva Metallic, a part of Uttam Galva Group, has signed an agreement with the South Korean alloy major Posco to deploy new technologies at its Wardha plant in Maharashtra. The agreement is for transferring the 'finex' or fine ore reduction process, which is an alternative iron making technology using iron ore fines, and CEM technologies for its plant in Wardha. CEM (compact endless casting and rolling mill) is a process to replace a large portion among the CR products with thin hot rolled products. With this collaboration, the plant will have an initial steelmaking capacity of 1.5 million tonnes per annum and will be operational by April 2019.
These two technologies and processes from Posco at the Wardha unit will not only create new benchmarks in the domestic steel industry, but also bring in manifold increase in efficiencies and technology transfer will be deemed as the equity investment of the Korean steel major in the Wardha unit.
Uttam Galva Steels is one of the largest manufacturers of cold rolled steel ('CR') and galvanized steel (GP) in Western India. The Company is into the business of procuring hot rolled steel ('HR') and processing it into CR and further into GP and Colour Coated Coils. In Galvanized coils it specializes in making ultra thin sheets, which could be as low as 0.13mm thickness. The excess capacity of CR which is not used for galvanizing is converted to value added grades in Cold Rolled Closed Annealed ('CRCA') coils, cut to length sheets and also sold as Full Hard CR in the overseas markets.
| Company Name | CMP |
|---|---|
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| SAIL | 166.85 |
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MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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