Ferro Alloys jumps 11.75% on expansion plans

DALAL STREET SPIKES

Ferro Alloys Corporation jumped 11.75 per cent to close at Rs 18.55 after the firm announced plans to expand its operations of its charge crome plant at Randia in Orissa, by installation of one additional 45 MVA furnace of ferro chrome/charge chrome. The stock touched an intra-day high of Rs 19.5 and a low of Rs 16.15.

The total volume of shares traded in the counter was 4,82,835, (more than twice its two-week average) with a delivery volumes of 58 per cent. The stock hit a 52-week high of Rs 57.15 on January 8, 2008 and a 52-week low of Rs 14.54 on September 26, 2007