Shares of Indian Metals & Ferro Alloys have rallied practically 80% up to now 12 months, outperforming the Nifty whose returns on this interval is round 12%.
Indian Metals & Ferro Alloys on Friday ended at Rs 901.30 on the BSE, down by Rs 9.20 or 1.01% over Thursday’s closing worth.
The inventory is presently buying and selling above its 50-day and 200-day easy shifting averages (SMAs) of Rs 821 and Rs 729, respectively. Nevertheless, the inventory has been fairly risky with a 1-year beta of 1.5 in response to Trendlyne information.
It has a market capitalisation of Rs 4,862.88 crore.It hit its 52-week excessive of Rs 998.40 on December 9, 2024, whereas its 52-week low was Rs 472 hit on Decemeber 18, 2024.Established in 1961 within the jap state of Odisha recognized for its wealthy pure sources, IMFA is an built-in producer of value-added ferro chrome with 190 MVA put in furnace capability backed up by 204.55 MW captive energy era capability (together with 4.55 MW photo voltaic) and intensive chrome ore mining tracts.Dolly Khanna is a Chennai-based massive investor who has been investing within the inventory markets since 1996. Her portfolio is managed by her husband Rajiv Khanna. Her portfolio contains shares in manufacturing, textile, chemical substances and sugar shares. As per the most recent company shareholdings compiled by Trendlyne, she publicly holds 19 shares with a web value of over Rs 469.6 crore.
Amongst different shares held by her are Chennai Petroleum, 20 Microns, Emkay International, J Kumar Infraprojects, Nitin Spinners, Prakash Industries and Repco Residence Finance.
One other ace investor Mukul Mahvir Agrawal additionally holds 1.11% within the firm.
(Disclaimer: Suggestions, ideas, views and opinions given by the consultants are their very own. These don’t signify the views of Financial Occasions)
