Stock Hits 5% Upper Circuit After Completing a Rs.60 Cr Deal and Becoming Tata Motors' Approved Supplier
Bengaluru, June 29 -- The share of this company, which has undergone a massive business transformation, pivoting from information technology and agro-products into the steel and infrastructure sector, gained investor traction after its Rs 60 crore deal.
With a market capitalization of Rs 460 crore, Magnus Steel & Infra Ltd's shares on Monday made a day high of Rs 87.75 per share, hitting a 5 percent upper circuit from its previous day's close price of Rs 83.60 per share. The share of this company gave a return of 864 percent over the last 1 year.
Significant Deal
Magnus Steel & Infra Ltd has been empanelled as an approved steel supplier for the upcoming manufacturing facilities of Tata Motors in Gujarat and Maharashtra. The company has...
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