Stock Market News Update: This Stock Reached From Rs 50 To Rs 72 in 10 Days, Then This Stock Has Gained Momentum
Yuva Patrkaar, New Delhi : Hello Guy's! Welcome to our another new Stock Market blog post. Today we are going to tell you about one such stock with the help of this article. Whose price has reached from Rs.50 to Rs.70 in just 10 days. And now big news is coming about this stock. Due to which this stock can gain further momentum. So let's get to know about Guy's quickly-
Guy's The name of the company we will learn about today is Gallantt Ispat Ltd. It produces sponge iron, mild steel billets, re-rolled products (TMT bars). Guy's Galant Ispat has announced a major deal with the Indian Railways. Whose goal is to remove the shortage of railway wagons (goods train box). The company has entered into an agreement with East Coast Railway based at Bhubaneswar, Odisha for supply of wagons.
This can now result in a big profit for the company. Experts say. By doing this, the expenses of the company can be reduced. It is being told. The Railways started the General Purpose Wagon Investment Scheme in April 2018, and the aim is to increase the investment of private companies under this scheme.
Guy's Through this the company can buy wagons. In such a situation, companies get many types of discounts along with freight charges. Like a branding opportunity as the company name is plastered on the wagon. Under this, Gallantt Ispat has tied up with the Railways.
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In the last 5 quarters, the share of FII i.e. foreign institutional investors has increased from 67.24% to 68.75% on this Guy's stock. Also, the number of pledged shares of the promoters of the company has decreased. This was 0.32% of the total stake in March 2023. It was 0.33% a quarter ago. Let Guy's share increase by 20% in a week, 30% in a month and 140% in three years.
NOTE : Guy's YUVAPATRKAAR only gives you information about the stock market i.e. any company. It is not advised to make any kind of investment here. We are not a SEBI registered financial advisor. Our job is only to provide information, we do not give investment advice. Hence you should consult your financial advisor before investing and invest at your own risk.
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