Uttam Galva Steels has surged over 7% to Rs 73.70 on back of heavy volumes on the Bombay Stock Exchange (BSE). The stock opened at Rs 61.50 and touched high of Rs 75.20 so far.
Around 2.32 million shares have already changed hands on the counter in early morning deals compared to less than 100,000 shares that were traded daily in past two weeks.
According to information available on the BSE website, at 0919 hours, as many as 2.1 million shares representing 3.8% of free-float equity of the company have changed hands at a price of Rs 71.15 per share.
Currently, the promoters – Miglani family along with ArcelorMittal collectively hold 60.87% stake in the company. The institutional investors held 27.46% stake, while non-institutional investors held 11.67% holdings in metal company.
Around 2.32 million shares have already changed hands on the counter in early morning deals compared to less than 100,000 shares that were traded daily in past two weeks.
According to information available on the BSE website, at 0919 hours, as many as 2.1 million shares representing 3.8% of free-float equity of the company have changed hands at a price of Rs 71.15 per share.
Currently, the promoters – Miglani family along with ArcelorMittal collectively hold 60.87% stake in the company. The institutional investors held 27.46% stake, while non-institutional investors held 11.67% holdings in metal company.
