Iron & steel stocks rally up to 11% on strong March quarter results
Shares of iron and steel companies, largely from the S&P BSE Smallcap index, have rallied by up to 11 per cent in Thursday’s intra-day trade amid heavy volumes. This came after the companies reported strong earnings in the March quarter of financial year 2023-24 (Q4FY24).
Surya Roshni, Gallantt Ispat, Sarda Energy & Minerals, Welspun Corp and Vardhman Special Steels (VSSL) have surged between 5 per cent and 11 per cent in Thursday's intra-day trade. In comparison, the S&P BSE Sensex was up 0.41 per cent and the S&P BSE Smallcap index gained 0.29 per cent at 12:01 pm.
for more information
https://www.business-standard.com/markets/news/iron-steel-stocks-rally-up-to-11-on-strong-march-quarter-results-124050200564_1.html
