Scan Steels Ltd

Scan Steels Ltd is rated 'Hold' by MarketsMOJO, with this rating last updated on 29 July 2026. However, the analysis and financial metrics discussed below reflect the company’s current position as of 01 September 2026, providing investors with an up-to-date view of the stock’s fundamentals, valuation, financial trends, and technical outlook.

Scan Steels Ltd is rated 'Hold' by MarketsMOJO, with this rating last updated on 29 July 2026. However, the analysis and financial metrics presented here reflect the stock's current position as of 21 August 2026, providing investors with an up-to-date view of the company’s performance and outlook.

Scan Steels Ltd, a player in the ferrous metals sector, achieved a significant milestone on 21 August 2026 by reaching a new 52-week high price of Rs.67.74. This marks a continuation of the stock’s strong upward momentum, reflecting sustained gains over recent sessions and a notable outperformance relative to its sector peers.

Scan Steels Ltd is rated Hold by MarketsMOJO, with this rating last updated on 29 July 2026. While the rating was revised on that date, the analysis and financial metrics presented here reflect the company’s current position as of 10 August 2026, providing investors with an up-to-date view of the stock’s fundamentals, valuation, financial trends, and technical outlook.

From a 52-week low of Rs 24.40 to a fresh high of Rs 67.32 on 6 Aug 2026, Scan Steels Ltd has surged an impressive 89.07% over the past year, significantly outperforming the Sensex which declined by 2.24% during the same period. This milestone reflects a powerful momentum driven by a confluence of technical indicators aligning favourably across multiple timeframes.

From a 52-week low of Rs 24.40 to a fresh high of Rs 66.25 on 5 Aug 2026, Scan Steels Ltd has surged an impressive 88.52% over the past year, significantly outperforming the Sensex which declined by 2.85% during the same period. This milestone reflects a powerful momentum shift underpinned by a confluence of technical indicators signalling sustained strength.

At Rs 65.54, the buying was done — not because demand dried up, but because the exchange wouldn't let the stock go any higher. Scan Steels Ltd locked at its upper circuit of 5.0% on 5 Aug 2026, with buyers queuing and no sellers willing to part with shares.

At Rs 62.59, the buying was done — not because demand dried up, but because the exchange wouldn't let the stock go any higher. Scan Steels Ltd locked at its upper circuit of 5% on 4 Aug 2026, with buyers queuing and no sellers willing to part with shares.

At Rs 59.6, Scan Steels Ltd locked at its lower circuit on 3 Aug 2026, marking a 4.97% decline within a 5% price band. The session was characterised by unfilled supply as sellers queued up without buyers willing to absorb the stock, freezing trade at the floor price.

Surging past its previous peaks, Scan Steels Ltd touched a fresh 52-week high of Rs 62.76 on 31 Jul 2026, marking a remarkable rally from its low of Rs 24.40 over the past year. This impressive price momentum is underpinned by a confluence of bullish technical indicators and sustained gains over recent sessions.

Scan Steels Ltd has reached a significant milestone by touching a new 52-week high of Rs.62.72 on 30 July 2026, marking a notable surge in its stock price and reflecting strong momentum within the ferrous metals sector.

Scan Steels Ltd, a micro-cap player in the ferrous metals sector, has seen its investment rating downgraded from Buy to Hold as of 29 July 2026. This revision reflects a combination of deteriorating quality metrics, a tempered valuation outlook, mixed financial trends, and cautious technical signals despite recent strong price performance. The company’s Mojo Score now stands at 57.0, signalling a Hold recommendation, marking a significant shift from its previous Buy grade.

Scan Steels Ltd, a micro-cap player in the ferrous metals sector, has seen its quality rating downgraded from Buy to Hold following a marked deterioration in key business fundamentals. Despite a robust share price rally of 16.7% in a single day and a year-to-date return of 62.95%, the company’s underlying financial health reveals weakening growth and profitability metrics, prompting a reassessment of its investment appeal.

Scan Steels Ltd., a micro-cap player in the ferrous metals sector with a market capitalisation of ₹303.00 crores, has delivered a robust first quarter performance for FY27, posting a consolidated net profit of ₹13.25 crores—a striking 68.79% quarter-on-quarter surge and a 26.19% year-on-year improvement. The Mumbai-based steel manufacturer's shares closed at ₹48.72 on July 29, down 3.81% from the previous session, as investors digested the quarterly results amidst broader market volatility.

With a decisive breakthrough to Rs 53 on 29 Jul 2026, Scan Steels Ltd has reached a fresh 52-week high, marking a 32.36% gain over the past year and outpacing the Sensex’s decline of 4.7%. This milestone reflects a confluence of strong technical momentum and improving fundamentals that have propelled the micro-cap ferrous metals stock into new territory.

With a robust 40.31% gain over the past year, Scan Steels Ltd has surged to a fresh 52-week high, touching an intraday peak of Rs 51.5 on 28 Jul 2026. This milestone comes amid a backdrop of strong technical momentum and sustained price strength, setting the stage for a notable breakout in the ferrous metals sector.

Scan Steels Ltd, a micro-cap player in the ferrous metals sector, has seen its valuation metrics shift markedly towards the attractive end of the spectrum. With its price-to-earnings (P/E) ratio now at 12.91 and price-to-book value (P/BV) at 0.63, the company’s shares are trading at levels that suggest significant price attractiveness compared to both historical averages and peer benchmarks. This re-rating comes alongside a recent upgrade in its MarketsMOJO Mojo Grade from Hold to Buy, reflecting improved investor sentiment and fundamental prospects.