Uttam Galva Steels stock rises intraday
Shital Jibhe / 19 Jan 2017
Uttam Galva Steels stock surged more than ten percent in intraday trade. In the recent development, the company is looking at various options for resolution of debt including initiating discussions with the potential strategic partners and investors as per as the discussion with the lenders.
Uttam Galva Steels stock surged more than ten percent in intraday trade. In the recent development, the company is looking at various options for resolution of debt including initiating discussions with the potential strategic partners and investors as per as the discussion with the lenders. However, presently, the discussion is under preliminary stage.
The stock of the company witnessed a spurt in volumes by more than 5.98 times. In the last one year, the stock has given a return of 18.68 per cent. Goldman Sachs Mutual Fund is the only fund house which has invested in the stock of the company. The fund house has made an investment of 0.001 per cent of equity capital in the company. The company is one of the largest manufacturers of cold rolled steel and galvanised steel in Western India.
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