Galvanised
steel maker Uttam Galva Steels disclosed a standalone net loss
amounting to Rs. 93.56 crore for the quarter ended September 30, 2016.
It had clocked a net profit of Rs. 15.93 crore in the year-ago period.
Total standalone income of the company slipped by 40 per cent to Rs
1,173.21 crore in July-September quarter of this financial year from Rs
1,959.85 crore during the corresponding quarter of 2015-16, as per its
BSE filing.
Total
expenses went lower at Rs. 1,200.77 crore from Rs. 1,881.95 crore
during the period under review. The company is involved into the
business of obtaining hot rolled steel and processing it into cold
rolled and further into galvanized and colour coated coils. Uttam Galva
has extended its cold rolling capacity in Maharashtra to 1 million
tonnes per annum and has also increased galvanizing capacity to 7,50,000
tonnes per annum. The firm has incorporated a new colour coated line
(Uttam Spectrum) with a capacity of 90,000 tonnes per annum.
On 16th Nov, Uttam Galva share price is
trading at Rs. 28, up by 0.18 per cent. The stock touched the day’s
high and low at Rs. 28.45 and Rs. 27.65. Till now, around 33,094 shares
were traded in the counter with a traded value of Rs. 9.31 lacs, as per
NSE.
Uttam Galva share price met its yearly high value at Rs. 37.80 on 25th Oct ’16 whereas the 52 week low value is seen at Rs. 22.50 on 15th Feb
‘16. The company has a market cap of Rs. 421.09 (Cr) and has a book
value of -12.73. The average daily movement of the stock is 1.59 and the
average volume for 20 days is seen at 381761.
In
order to know about the support and resistance levels of the scrip and
also its fundamentals and financials, please a pay a visit to Uttam Galva share price history.
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