Gallantt Ispat trades higher on the BSE
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Gallantt Ispat is currently trading at Rs. 71.96, up by 0.52 points or 0.73% from its previous closing of Rs. 71.44 on the BSE.
The scrip opened at Rs. 71.00 and has touched a high and low of Rs. 74.45 and Rs. 70.40 respectively. So far 30608 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 75.70 on 10-Jul-2023 and a 52 week low of Rs. 46.00 on 23-May-2023.
Last one week high and low of the scrip stood at Rs. 75.70 and Rs. 62.50 respectively. The current market cap of the company is Rs. 1747.12 crore.
The promoters holding in the company stood at 68.75%, while Institutions and Non-Institutions held 0.01% and 31.23% respectively.
Gallantt Ispat has renewed the contract of Bollywood Superstar and Actor Ajay Devgan to act as the brand ambassador of the company to endorse Gallantt and Gallantt Advance range of TMT Bars for a second consecutive term of two years. The company shall continue to use Ajay Devgan's name and brand in Sales Promotion, Advertisement and Digital Marketing through Print Media, Social Media and Visual Media. The brand reputation of the company during the association with Mr. Devgan who was roped in as the Brand Ambassador of the company in the year 2021 has increased many folds.
Gallantt Ispat manufactures Sponge Iron, Mild Steel Billets, Re-Rolled products (TMT bars) and a Modern Roller Flour.
