Kirloskar Ferrous share price jumps 14%, hits 52-week high. What's driving the rally?
New Delhi, June 18 -- Kirloskar Ferrous share price jumped as much as 14% on the NSE, hitting a 52-week high in Thursday's trading session after the company said that it has received an export order valued at approximately $13.51 million from a customer based in the United Kingdom.
Kirloskar Ferrous shares opened at Rs.467 apiece today, as compared to Rs.444.30 on Wednesday. The stock touched an intraday high of Rs.508.45 on 18 June.
In an exchange filing on 17 June, Kirloskar Ferrous said that it has secured an order worth $13.51 million for the supply of pig iron to a UK-based customer.
In a regulatory filing, the company announced that the contract entails the export of 30,000 metric tonnes of basic-grade pig iron on a free-on-board...
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