This morning, Kalyani Steel share price went up by 7.63%. The stock opened with a rise of 22.40 points at Rs.295 as compared to its previous closing at Rs.293.45. The stock touched the days high and low at Rs. 48.30 and Rs. 47.50. Approximately 14 lakh shares are traded in the counter as per NSE. The stock saw a spurt in volume by more than 2.74 times. The stock was trading at its new 52 week high value at Rs. 319.50 on 18th August ’16.
Kalyani Steel share price has gone up by 136.45% after Brexit while after the Budget it has changed 179% moving positively. Kalyani Steel share price was trading at Rs. 315.85 and closed at Rs. 313.70. Kalyani Steels disclosed an increase of 62% in its net profit at Rs.47 crore for the June 30, 2016 quarter end against Rs.29 crore for the quarter ended June 30, 2015. The company's total income further rose by 14.23% at Rs.345 crore for the quarter versus Rs.302 crore in the corresponding quarter of the previous year.EBITDA Margin were at 25.2% compared with 19.1%.
Kalyani Steel is one of the multibagger stocks as analyzed by Dynamic Levels for this quarter. The 52 week low of Kalyani Steel share price is observed at Rs 117.00 (08-Sep-15).The Average Daily Movement of the stock is 9.81 and its average volume for last 20 days is 867400. The stock yields 57.55% monthly returns and has the PE ratio of 9.72. The market cap of the company amounts to Rs. 1281.00 (Cr) and has a book value of Rs.135.04.For further details on the support and resistance refer to Kalyani Steel share price forecast.
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