look news india
india steel works shares : There is still a chance to buy some penny stocks amid the historic rise in the stock market. Something similar happened with the shares of India Steel Works on Friday, the last trading day of the week. During the trading, the stock traded with an upper circuit of 10 percent at Rs. 3.94. At the end of trading, the share price was Rs. 3.93. The stock is up 9.47% over the previous day. The stock was at Rs. 5.29 on December 29, 2023. The stock is at a 52-week high. In November 2023, the stock fell to Rs. 1.93, which is the 52-week low for the stock.
Details of Shareholding Pattern
As per the shareholding pattern till March 2024, the promoter held 48.05 per cent stake in India Steel Works Limited. So if we talk about public shareholding, then there is 51.95 per cent participation. Among the public shareholders, private sector giant Kotak Mahindra Bank holds 50,00,000 shares or 1.26 per cent stake.
About the Company
Let us tell you that India Steel Works Limited was listed on the Bombay Stock Exchange in the year 1992. The company employs more than 1000 employees and workers in 3 factories. The total production capacity of the company is 180,000 tonnes per annum. The factories are spread over a land area of 160,000 square meters. Operations are run from the head office in the business center of Mumbai and there are plants in Navi Mumbai, Savaroli and Khopoli around the city.
stock market situation
The stock market rose for the ninth consecutive session on Friday. The 30-share BSE benchmark closed at an all-time high of 82,365.77, up 231.16 points. During the day, it jumped 502.42 points to a record high of 82,637.03. The ninth day of gains in the stock market has increased investors' wealth by Rs 10 lakh crore. Meanwhile, the BSE Sensex rose two percent.
