Multibagger penny stock under Rs 10 locked in upper circuit after signing development agreement with LLOYDS IHL LLP
DSIJ Intelligence-1Categories: Multibaggers, Penny Stocks, Trending
The company has a market cap of Rs 372.60 crore and the stock has given multibagger returns of 195.3 per cent from its 52-week low of Rs 3.17 per share.
India Steel Works Ltd (ISWL) has announced a Development Agreement with LLOYDS IHL LLP (a wholly-owned subsidiary of Lloyds Enterprises Limited and Smartquip Properties Pvt Limited (SPPL) under the name LLOYDS IHL LLP), a joint venture for the development and monetisation of the company's land located in Vihari, Khopoli, Maharashtra. Signed on July 30, 2025, this agreement leverages the combined strengths of ISWL, Lloyds Realty Developers Limited (LRDL), and Smartquip Properties Pvt Limited (SPPL), all partners in LLOYDS IHL LLP. The agreement outlines the terms for the redevelopment of the land and includes significant provisions such as special rights for ISWL regarding director appointments, first right of share subscription, and the ability to restrict changes in the capital structure. This strategic partnership aims to unlock the value of ISWL's land asset through a structured development plan.
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India Steel Works Ltd (ISWL), established in 1990, operates as an integrated steel manufacturer and trader, producing a diverse range of steel products. Its core operations are divided into several key business divisions: a Steel Melt Shop at Khopoli equipped with both Induction and Electric Arc Furnaces, two Rolling Mills (Continuous Bar & Rod Mill and Cross-country Bar Mill), a Bright Bars division specializing in stainless steel, and a Wire Facility (Isinox Steels Ltd) capable of manufacturing various stainless steel wires. Beyond steel, ISWL also trades in Cobalt, Bismuth, and Tungsten derivatives, as well as organic intermediates, including Tartaric acid derivatives.
On Thursday, shares of India Steel Works Ltd were locked in a 5 per cent upper circuit and made a fresh new 52-week high of Rs 9.36 per share from its previous closing of Rs 8.92 per share. The company has a market cap of Rs 372.60 crore and the stock has given multibagger returns of 195.3 per cent from its 52-week low of Rs 3.17 per share.
Disclaimer: The article is for informational purposes only and not investment advice.