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India Steel Works Share: Today we are telling you about a stock which has been rising for the past one month and those who have invested in it have become rich throughout the month. We are talking India Steel Works, a company engaged in iron and steel production. Shares of this company have been in focus for the past several sessions. The company’s shares are continuously increasing. There has been tremendous buying in this stock since last one month. It has returned up to 100% to its investors within a month. A month ago the share price of India Steel Works was Rs. 2 and on Friday this share was Rs. It closed at 4.37. This is also its new 52-week high.
Market cap Rs. 173.96 crores
Let us tell you that the share touched the level of Rs 1.35 in the month of March this year. The stock is at a 52-week low. This stock is in continuous upper circuit. It has increased by 10% in the last 5 days. The stock has gained 157.06% in the last six months and 108% this year YTD. The market cap of the company is Rs 173.96 crore.
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28 years ago the price was Rs 75
Let us tell you that if we talk about the all-time performance of India Steel Works shares, then about 28 years ago its price was Rs 75. After this the stock kept fluctuating year to year and now the price has come down to the level of Rs 4. However, the stock has returned up to 375 percent to investors compared to the BSE. After this, returns for periods of one year, six months, three months or one month remained in double digits.
Also Read- This less than ₹1 stock is getting rich every day, rush to buy it, price up 37% in 5 days
Change in management
There has also been a change in the management of India Steel Works. Ratna Deep Ranjan has been appointed as Additional Director in the category of Non-Executive and Independent Director, the company said. This appointment will be effective from December 11 for a period of next 5 years. It is now subject to shareholder approval. As per the shareholding pattern, promoters hold 50.11%. Public shareholding is 49.89%.