Gallantt Ispat shines after strong Q4 result

Gallantt Ispat rose 2.44% to Rs 251.95 at 09:18 IST on BSE after net profit surged 75.67% to Rs 7.22 crore on 31.22% slide in net sales to Rs 100.26 crore in Q4 March 2017 over Q4 March 2016.

The result was announced after market hours yesterday, 4 May 2017.

Meanwhile, the S&P BSE Sensex was down 65.27 points or 0.22% at 30,060.94. The S&P BSE Small-Cap index was up 15.03 points or 0.1% at 15,500.78.

On BSE, so far 4,772 shares were traded in the counter as against average daily volume of 12,265 shares in the past one quarter. The stock hit a high of Rs 256 and a low of Rs 250 so far during the day. The stock had hit a record high of Rs 690 on 24 May 2016. The stock had hit a 52-week low of Rs 228 on 11 April 2017.

The small-cap company has equity capital of Rs 28.24 crore. Face value per share is Rs 10.

Gallantt Ispat is engaged in the manufacture of all kinds of iron and steel products such as sponge iron, pellets, pig iron, cast iron, bars, rods, billets, captive power plant and wheat products.

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