Stock of this iron & steel products company zoomed 50% in one month

The stock price of Usha Martin surged 8% to Rs 198.75 on the BSE in the intra-day trade on Wednesday after 5.64 million equity shares had changed hands till 2:00 PM

SI Reporter Mumbai

Steel mills in India, according to Crisil Research, typically contribute 10-11 per cent of total carbon emissions from the country

Shares of Usha Martin moved higher by 8 per cent to Rs 198.75 on the BSE in Wednesday’s intra-day trade amid heavy volumes. In the past one month, the stock of the iron & steel products company has zoomed 50 per cent, as compared to 0.41 per cent decline in the S&P BSE Sensex. It had hit a record high of Rs 198.95 on January 2, 2023. Last month, Usha Martin was the top monthly gainer among the S&P BSE Smallcap index constituents as it gained 50 per cent. By comparison, the SmallCap index was down 2.5 per cent during the period. Moreover, in the past one year, the market price of the company has more-than-doubled, zooming 115 per cent, as against a marginal 0.39 per cent rise in the Sensex.

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Usha Martin

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First Published: Jan 18 2023 | 2:31 PM IST

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