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Gallantt Ispat surges on registering over two fold rise in Q2 net profit

07 Oct 2013 Evaluate

Gallantt Ispat is currently trading at Rs. 254.30, up by 8.05 points or 3.27% from its previous closing of Rs. 246.25 on the BSE.

The scrip opened at Rs. 246.30 and has touched a high and low of Rs. 256.00 and Rs. 238.20 respectively. So far 1670 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 256 on 07-Oct-2013 and a 52 week low of Rs. 44.65 on 05-Oct-2012.

Last one week high and low of the scrip stood at Rs. 247.50 and Rs. 227.00 respectively. The current market cap of the company is Rs. 731.66 crore.

The promoters holding in the company stood at 69.57% while Institutions and Non-Institutions held 4.53% and 25.90% respectively.

Gallantt Ispat has reported results for second quarter ended September 30, 2013.

The company has reported 122.33% rise in its net profit after tax at Rs 4.78 crore for the quarter as compared to Rs 2.15 crore for the same quarter in the previous year. Total income from operations of the company has increased by 26.54% at Rs 116.83 crore for quarter under review as compared to Rs 92.33 crore for the quarter ended September 30, 2012.

Gallantt Ispat is engaged in the manufacturing and marketing of Sponge Iron, Mild steel billets, Re-Rolled products (TMT bars and Mild Steel Structural) and wheat flour products.

 

Gallantt Ispat-Amalg Share Price

63.80 0.00 (0.00%)
03-Jun-2022 18:01 View Price Chart
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