India's Gallantt Ispat hits record high; declared successful bidder in auction

Gallantt Ispat

18/06/2024 07:39

** Shares of Gallantt Ispat Ltd  GALM.NS  rise as much as 5%
to hit record high of 331.80 rupees 
    ** Iron and steel manufacturer says it has been declared as
a successful bidder for composite licence for Todupura iron ore
block district Karaul, Rajasthan
    ** Stock hits upper limit of exchange-mandated trading band
    ** More than 158,000 shares traded as of 12:03 p.m. IST,
2.3x their 30-day moving avg
    ** GALM gained ~84.5% YTD

 (Reporting by Meenakshi Maidas in Bengaluru)
 ((meenakshi.maidas@thomsonreuters.com;))