Sponge iron shares rally on bourses

INVESTING INSIGHT

Shares of sponge iron manufacturing companies have gained in last three months on the Bombay Stock Exchange (BSE).

The share price of Sathavahana Ispat jumped from Rs 13.85 on November 5, to today's close of Rs 24.20, reflecting a gain of 74.72 per cent on the Bombay Stock exchange (BSE).

During the same period the stock price of Tata Metaliks shot up from Rs 69.35 to Rs 99.75, up 43.83 per cent. Lloyds Metals increased from Rs 5.35 to Rs 7.63, up 42.61 per cent.

The stock price of Monnet Ispat gained from Rs 63.90 to Rs 89.00, up 39.28 per cent, Tata Sponge increased from Rs 82.55 to Rs 113.10, up 37 per cent and Kirloskar Ferrous gained from Rs 15.85 to Rs 21.5, up 35.64 per cent.

Lanco Industries saw a minor rise in its share price from Rs 10.92 to Rs 11.27, up 3.20 per cent and Orissa Sponge Iron appreciated from Rs 21.5 to Rs 21.9, up 1.86 per cent.