Gallantt Ispat Achieves 52-Week High Amid Broader Market Volatility

Gallantt Ispat Ltd., a midcap player in the Steel/Sponge Iron/Pig Iron industry, has made headlines today as its stock price reached a new 52-week high of Rs. 438.55. This milestone was achieved on April 3, 2025, marking a significant performance uptick for the company. Over the past four days, Gallantt Ispat has demonstrated a robust upward trend, gaining 21.6% in returns during this period.
Despite opening the day with a loss of 2.27%, the stock managed to outperform its sector by 0.45%. It recorded an intraday high of Rs. 438.55, reflecting a 2.05% increase, while the day's low was Rs. 412, down 4.13%. Notably, Gallantt Ispat is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong market position.

In the broader market context, the Sensex experienced a volatile session, initially opening down by 805.58 points but later recovering by 533.20 points. Gallantt Ispat's impressive one-year performance stands at 111.69%, significantly outpacing the Sensex's 3.37% return. The stock's 52-week low was recorded at Rs. 195, highlighting its remarkable recovery.