Amid the record-breaking growth in the stock market, there’s a chance to purchase penny shares too. Similar to India Steel Works share on Friday the final day of trading in the work week.
The stock climbed to the price of Rs 3.94 and had an upper of 10 percent. In the same period, it was 3.93 at the close of trading.
The stock has risen by 9.47 percent when compared to the last day. On the 29th December of 2023, the stock was trading at 5.29.
This was the 52-week record high for the stock. On November 20, 2023, the price fell to a value of 1.93, It is also the lowest 52 weeks for the stock.
The Details Of The Shareholding Pattern
In the discussion of the shareholding pattern in March 2024, the promoter held a 48.05 percent part within India Steel Works Limited. In addition, when we consider shares held by the public, there’s a 51.95 percent stake.
Of the shareholders who are public in the company, the private sector giant Kotak Mahindra Bank holds 50,00,000 shares which is 1.26 percent.
About The Company
India Steel Works Limited was listed on the BSE(Bombay Stock Exchange) in the year 1992. The company has more than 1000 workers and employs more than three manufacturing facilities.
The production capacities of this company are 180,000 tonnes per year. The manufacturing facilities are spread across and cover 160,000 square meters.
The operation is managed by the head office located in the heart of business Mumbai along with factories located in Navi Mumbai, Savaroli, and Khopoli within the city.
Stock Market Condition
The market was trading higher for the tenth time in a row on Friday. 30 shares of the BSE benchmark was at a record-setting highest of 82,365.77 which was increasing 231.16 points.
On the day, it went up 502.42 points to hit a record intraday record high of 82,637.03.
During the nine-day bullish run in the market for stocks the wealth of investors grew by 10 lakh crore. At this time, the BSE Sensex rose by more than 2 percent.
Quick Fact
| Company name | India Steel Works |
|---|---|
| Founded | 1992 |
| Listed on | Bombay Stock Exchange |
| Total Employees | More than 1000 |
| Manufacturing Facilities | 3 |
| Total Production Capacity | 180,000 tonnes per year |
| Facility Area | 160,000 square meters |
| Head Office | Mumbai |
| Promoter Shareholding (March 2024) | 48% |
| Public Shareholding (March 2024) | 52% |
| Kotak Mahindra Bank Stake | 1% (50,00,000 shares) |
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