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Stock below Rs 5: This debt free company is planning to emerge as a decisive player in the global steel industry
Stock below Rs 5: This debt free company is planning to emerge as a decisive player in the global steel industry

Stock below Rs 5: This debt free company is planning to emerge as a decisive player in the global steel industry

The stock has shown positive traction in the last 1 month as it has surged more than 38 per cent

Bhavya Rathod Article rating: 3.8

On Tuesday, the company made a general announcement, stating how steel prices could see upward movement due to increased global demand and higher domestic consumption in 2023-2024 as major infrastructure projects are progressing at a rapid pace.  

Stock below Rs 10: Don't miss out on this stock's action as it announces the right issue!
Stock below Rs 10: Don't miss out on this stock's action as it announces the right issue!

Stock below Rs 10: Don't miss out on this stock's action as it announces the right issue!

The public holds approximately 61.80 per cent of the stock, while promoters hold 38.19 per cent.

Kiran Shroff Article rating: 4.0

The public holds approximately 61.80 per cent of the stock, while promoters hold 38.19 per cent. In the most recent quarter, promoters reduced their stake by 29.45 percent in Q2FY23 compared to Q2FY22. 

 

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