ISMT surges on bagging contracts from ONGC
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ISMT is currently trading at Rs. 100.99, up by 4.72 points or 4.90% from its previous closing of Rs. 96.27 on the BSE.
The scrip opened at Rs. 100.99 and has touched a high and low of Rs. 100.99 and Rs. 100.99 respectively. So far 845 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 112.24 on 30-Jan-2024 and a 52 week low of Rs. 68.10 on 17-Apr-2023.
Last one week high and low of the scrip stood at Rs. 101.89 and Rs. 95.80 respectively. The current market cap of the company is Rs. 2892.93 crore.
The promoters holding in the company stood at 74.95%, while Institutions and Non-Institutions held 0.38% and 24.67% respectively.
ISMT has received two contracts from Oil and Natural Gas Corporation (ONGC) for supply of regular casing pipes as per specifications given in the contracts. Aggregate value of two contracts is around Rs 343.72 crore. The said contracts are likely to be executed till February 13, 2025.
ISMT is predominantly engaged in the manufacturing of specialty alloy and bearing Steel.
