Sunflag Iron hits new high on healthy outlook; stock zooms 58% in one month

Quick Summary:

Furthermore, the company's financial risk profile is expected to remain comfortable, given that the company has recently completed its capacity expansion for the blooming mill and super-alloy plant.

In one month, the stock price of this smallcap iron and steel company has zoomed 58 per cent.

The company has been delivering test samples and the major revenues are expected to kick start in this segment from FY26 onwards, where-in the operating margins are expected to be healthy, according to CARE Ratings.

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Category: BusinessFinance

Markets: India

Topics: Vehicle Gas Turbines HAL DRDO Defence Collins Aerospace VSSC Auto ancillary Space Vehicles Advanced Ultra Super-critical Power Plants Markets LPSC Brahmos Petro-Chemical Plants Nuclear Reactor Smallcap Industrial Super alloys steel Automotive

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News Sentiment: Negative

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Article Type: News Report

Published On: 2024-12-20 @ 10:31:48 (14 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 526 words

Reading Time: 3 minutes read

Sentences: 18 lines

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Copyright Owner: © Business Standard

News ID: 24565293

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