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18-Jul2017

Gallantt Ispat rises on getting nod to avail bank loan facilities

Gallantt Ispat is currently trading at Rs. 210.00, up by 1.00 points or 0.48% from its previous closing of Rs. 209.00 on the BSE.

The scrip opened at Rs. 212.00 and has touched a high and low of Rs. 212.00 and Rs. 210.00 respectively. So far 60 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 625.00 on 16-Sep-2016 and a 52 week low of Rs. 198.60 on 28-Jun-2017.

Last one week high and low of the scrip stood at Rs. 215.00 and Rs. 204.10 respectively. The current market cap of the company is Rs. 584.49 crore.

The promoters holding in the company stood at 64.09%, while institutions and non-institutions held 0.16% and 35.75% respectively.

Gallantt Ispat has received an approval for availing of bank loan facilities to the tune of Rs 60.00 crore from HDFC Bank. The board of directors at its meeting held on July 17, 2017 has approved for the same.

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.


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