Shares of Gallantt Ispat hit a new high of ₹757.20, as they surged 11 per cent on the BSE in Wednesday's intra-day trade on the back of heavy volumes.
The company's board approved expansion in the capacities of various manufacturing units of the company situated at Gorakhpur, Uttar Pradesh.
Surya Roshni, Gallantt Ispat, Sarda Energy & Minerals, Welspun Corp and Vardhman Special Steels (VSSL) have surged between 5 per cent and 11 per cent in Thursday's intra-day trade
Shares of Gallantt Ispat hit a record high and were locked at the 10 per cent upper circuit for the second straight day on strong business outlook.
The stock hit a 52-week low of Rs 272, slipping 38% in past three trading sessions on BSE.
The stock rallied 8% to Rs 587, also its lifetime high on the BSE.
In past one-month, the stock has outperformed the market by surging 40% as compared to 3% rise in Sensex.