/ Usha Martin Surges 13% To Hit A New 52-Week High ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Monday, 24 April 2017

Usha Martin, among the largest wire rope manufacturers in the world has witnessed a surge almost by 13% to hit a new 52-week high at Rs 23.15 on the NSE.  The stock had hit a 52-week low at Rs 11.50 on September 30, 2016.

The stock of the company was trading at Rs 22.60 per share on NSE at 11.52 AM IST. The number of shares traded of the company so far during the day were 64,05,477. The free-float market capitalisation of the company was 304.74 crore.

The stock had given 55% returns in a period of 1 year, outperforming the BSE Small Cap & BSE Metal indices over the same period.

Usha Martin Ltd. is a leading producer of speciality steel and one of the largest wire rope manufacturers globally. The company is engaged in the manufacture of wire; wire ropes; steel with captive mineral linkages of iron ore and coal; and cables. They are having their manufacturing facilities in Ranchi, Jamshedpur and Barajamda in Jharkhand; Bangalore in Karnataka; Hoshiarpur in Punjab; and Agra in Uttar Pradesh.

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