News Title: Vallabh Steels Share Price 19 February 2024
📈 Last Friday, when the market saw a surge, some penny stocks were in high demand. One such penny stock is Vallabh Steels, a company associated with iron and steel products. Investors bought the share with strength on Friday, causing the share price to rise to ₹7.98. Additionally, it is still below the stock’s 52-week high.
📊 The performance of Vallabh Steels share closed at ₹7.26 on Thursday and saw a 10% increase when trading began on Friday. The share price then increased to ₹7.98. The stock has given investors a 50% return in the past six months, touching a high of ₹9.11 on September 26, 2023, which is also the 52-week high for the shares. On March 28, 2023, the share price dropped to ₹4.43, marking the 52-week low for the stock.
💰 In the quarterly results of Vallabh Steels, for the December quarter, the company recorded a loss of ₹0.43 crore. In the previous fiscal year’s same quarter, the company had incurred a loss of ₹3.26 crore. The company did not provide details of the sales report for this period.
📉 Market Rally: In the stock market on Friday, the BSE Sensex rose by 376 points for the fourth consecutive day. The NSE Nifty also successfully crossed the 22,000 level. The BSE Smallcap Index has increased by 0.68% and the Midcap Index by 0.78%. At the end of the last trading session, the Sensex closed at 72,050.38 with a gain of 227.55 points and the Nifty closed at 21,910.75 with a gain of 70.70 points.
Disclaimer: This is News Coverage with Opinions of Experts and Should Not Be Taken as Direct Market Buying Tip. Market is always subject to risk. We recommend taking our content as research before investing.
