Shares of iron and steel manufacturer Gallantt Ispat have surged nearly 60% in just one month, reaching a fresh 52-week high of Rs 869 on the BSE. The stock climbed over 10% despite market volatility on Thursday. The company operated at a capacity utilisation of 91% during the quarter, with a full financial year 2025–26 utilisation of 86%. Pellet production increased by 59% to 2,21,612 tonnes in the March quarter, while sponge iron output rose 38% to 2,44,555 tonnes. Production of billets and MS bars also saw a year-on-year increase of 9% to 2,35,212 tonnes and 2,10,243 tonnes, respectively. Analysts suggest potential upside toward Rs 900–950, advising caution on risk-reward at higher levels. Ruchi Jain from Motilal Oswal noted the stock’s positive momentum but recommended looking for opportunities only on declines, with support around Rs 740-720. Gallantt Ispat shares have risen 82% in the last year and 1,600% in the last five years.
Gallantt Ispat shares rise nearly 60% in one month
Gallantt Ispat shares have surged nearly 60% in a month.
