India Steel Works share: Amidst the historic rise in the stock market, there is a loot to buy some penny shares as well. Something similar happened with the shares of India Steel Works on Friday, the last trading day of the week. During trading, this stock reached Rs 3.94 with an upper circuit of 10 percent. At the same time, the price of the share was Rs 3.93 at the end of trading. There is a jump of 9.47% in the stock as compared to the previous day. On 29 December 2023, this stock was at Rs 5.29. This is the 52-week high of the stock. In November 2023, the stock came down to the level of Rs 1.93, this is the 52-week low of the stock.
Details of shareholding pattern
Talking about the shareholding pattern of March 2024, the promoter had a 48.05 percent stake in India Steel Works Limited. At the same time, if we talk about public shareholding, it is 51.95 percent. Among the public shareholders, private sector giant Kotak Mahindra Bank holds 50,00,000 shares or 1.26 percent stake.
About the Company
Let us tell you that India Steel Works Limited was listed on the Bombay Stock Exchange in the year 1992. The company employs more than 1000 employees and workers in 3 factories. The total production capacity of the company is 180,000 tonnes per annum. The factories are spread over a land area of 160,000 square meters. Operations are run from a head office in the business center of Mumbai, with plants in Navi Mumbai, Savaroli and Khopoli around the city.
stock market situation
The stock market was up for the ninth consecutive session on Friday. The 30-share BSE benchmark closed at an all-time high of 82,365.77, up 231.16 points. During the day, it jumped 502.42 points to a record intraday high of 82,637.03. During the nine-day bull run in the stock market, investors’ wealth increased by Rs 10 lakh crore. During this period, the BSE Sensex rose by more than two percent.
