New Delhi, April 20 -- Gallantt Ispat shares have given strong returns in the recent past, even though the equity market has been volatile due to fluctuating crude oil prices driven by the conflict in West Asia.

Gallantt Ispat share price has gained 62% year-to-date compared to an 8% decline in the equity benchmark Sensex. Most gains in the stock have come this month, as so far in April, it has jumped nearly 60%.

The BSE and the NSE sought clarification from the company regarding the sharp rise in the stock prices of late. In an exchange filing on 18 April, Gallantt Ispat said the price and volume movement in the stock is purely market-driven and may be a combination of various factors, including market conditions.

Even on a longer tim...