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Vardhman Special Steels is currently trading at Rs. 368.85, up by 24.55 points or 7.13% from its previous closing of Rs. 344.30 on the BSE. The scrip opened at Rs. 349.00 and has touched a high and low of Rs. 374.90 and Rs. 349.00 respectively. So far 32022 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 374.90 on 8-Mar-2023 and a 52 week low of Rs. 201.10 on 23-Jun-2022. Last one week high and low of the scrip...
Vardhman Special Steels zooms on starting mass production of steel for Aichi Steel Corporation
EBITDA/tonne declined both QoQ , YoY … About the stock: Vardhman Special Steel (VSSL) is among India’s leading steel bar producers for automotive applications. It has specialised product offerings, which include steel bars, rods & bright bars of various categories of special & alloy steel. * VSSL, incorporated in May 2010, is headquartered in Ludhiana, Punjab * In August 2019, VSSL entered into a strategic alliance with Aichi Steel Corporation (ASC) Japan, ...
Hold Vardhman Special Steel For Target Rs.250 - ICICI Direct
Performs well… About the stock: Vardhman Special Steel (VSSL) is among India’s leading steel bar producers for automotive applications. It has specialised product offerings, which include steel bars, rods & bright bars of various categories of special & alloy steel. VSSL, incorporated in May 2010, is headquartered in Ludhiana, Punjab In August 2019, VSSL entered into a strategic alliance with Aichi Steel Corporation (ASC) Japan, the main material producer for Toy...
Buy Vardhman Special Steel Ltd For Target Rs. 300 - ICICI Direct
Steady performance… About the stock: Vardhman Special Steel (VSSL) is among India’s leading steel bar producers for automotive applications. It has specialised product offerings that include steel bars & rods & bright bars of various categories of special & alloy steel. * In August 2019, VSSL had entered into a strategic alliance with Aichi Steel Corporation (ASC) Japan, the main material producer for Toyota Group wherein ASC had participated in equity and had e...
Buy Vardhman Special Steel Ltd For Target Rs.340 - ICICI Direct
Steady performance… About the stock: Vardhman Special Steel (VSSL) is among India’s leading steel bar producers for automotive applications. It has specialised product offerings that include steel bars & rods & bright bars of various categories of special & alloy steel. * In August 2019, VSSL had entered into a strategic alliance with Aichi Steel Corporation (ASC) Japan, the main material producer for Toyota Group wherein ASC had participated in equity and had e...
Buy Vardhman Special Steel Ltd For Target Rs.340 - ICICI Direct
EC approval received; clears path for expansion plan... Vardhman Special Steel (VSSL) has recently been granted the environmental clearance (EC) for expansion of capacity at its existing plant in Ludhiana, to up to 280000 tonnes per annum of rolled production. The company applied for the said approval in CY19. With this approval, the path for enhancement of capacity has been cleared. To begin with, the current rolling capacity of 200000 tonnes per annum would be increased to 250000 tonnes ...
Buy Vardhman Special Steel Ltd For Target Rs.300 - ICICI Direct
Performs well... Vardhman Special Steel (VSSL) reported a healthy set of Q4FY21 numbers on the back of strong demand from the automobile sector. Sales volume for the quarter was at 47828 tonnes, up 34% YoY, 4% QoQ. Topline came in at | 334.5 crore, up 63% YoY, 16% QoQ. Topline growth was on the back of higher sales volume and price increase, which came into effect from January 2021. Ensuing EBITDA came in at | 52.3 crore, up 231% YoY, 32% QoQ. EBITDA margin for the quarter was healthy a...
Buy Vardhman Special Steel Ltd For Target Rs. 240 - ICICI Direct
The company reported standalone net profit of Rs 26.36 crore for the quarter ended March 31, 2021 as compared to Rs 3.57 crore in the same period last year, registering a year-on-year growth of 638.38 per cent. Net revenue of the company rose substantially by 62.64 per cent at Rs 334.48 crore in January-March quarter of this fiscal as against Rs 205.66 crore in the corresponding period last year. During January-March quarter, operating expenses increased by 48.65 per cent to Rs 282.21 cror...
Vardhman Special Steel Q4 net profit zooms 638.38% at Rs 26.36 cr
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