/ Uttam Galva Steels Surge 8% After Posting Impressive Q4 Result ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Tuesday, 2 May 2017

The stock of Uttam Galva Steels Ltd on Tuesday surged more than 8% during pre-lunch hours on BSE. The stock is trading up by 8.77% at Rs 33.50 at 12:35 PM IST. The company reported a net profit of Rs 138.89 crore in the fourth quarter ended March 2017, as against a net loss of Rs 671.47 crore in the fourth quarter ended March 2016.

The result was announced after market hours on Friday, 28 April 2017. The stock witnessed a spurt in the volume by more than 8.36 times. The stock hit a high of Rs 34.50 and a low of Rs 32.35 so far during the day.

Meanwhile, the BSE Sensex is trading down 5 points at 29,913 and the NSE Nifty is trading up 3 points at 9307.

Uttam Galva Steels Limited is one of the largest manufacturers of cold rolled steel and galvanised steel. The Company is in the business of procuring hot rolled steel and processing it into cold rolled steel and further into galvanised steel and colour coated coils.

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