MARKETS

Sunflag Iron & Steel Shares Jump 54% in 1 Month

Shares of Sunflag Iron and Steel Company hit a new high of Rs 145.50, up 5%, on the BSE in intra-day trade on Wednesday.

Shares of Sunflag Iron & Steel Company hit a fresh high of Rs 145.50, up 5% on the BSE in Wednesday’s intraday trade in an already weak market. Shares of the steel company have soared 12% over the past two sessions. In contrast, the S&P BSE Sensex fell 1.2% to 60,269 at 11:54 am.

Sunflag Iron & Steel Shares have risen 54% over the past month, with a gain of less than 1% for the Sensex index. Plus, it’s up nearly 80% in three months, compared with a 1% gain for the benchmark index.

Sunflag Iron & Steel is engaged in manufacturing carbon steel, free-cutting steel, semi-free-cutting steel, micro-alloyed steel, stainless steel, spring steel, valve steel, bearing steel, high-quality steel, tool steel and other low-carbon steel and alloy steel products, etc.

The company also manufactures components for critical applications to Indian Railways, Ordnance Plants, the Power Sector and other general engineering sectors.

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