Tuesday, 2 May 2017

Uttam Galva Steels surge 8% after posting impressive Q4 result

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The stock of Uttam Galva Steels Ltd on Tuesday surged more than 8% during pre-lunch hours on BSE. The stock is trading up by 8.77% at Rs 33.50 at 12:35 PM IST. The company reported a net profit of Rs 138.89 crore in the fourth quarter ended March 2017, as against a net loss of Rs 671.47 crore in the fourth quarter ended March 2016. The result was announced after market hours on Friday, 28 April 2017. The stock witnessed a spurt in the volume by more than 8.36 times. The stock hit a high of Rs 34.50 and a low of Rs 32.35 so far during the day.

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