Scan Steels Ltd (SCANSTL) News & Corporate Actions | Announcements, Board Meetings, Splits, Bonuses, Rights Issues

{ "main_header": { "sid": 150700, "name": "Scan Steels", "stock_name": "Scan Steels", "full_name": "Scan Steels Ltd", "name_url": "stocks-analysis/scan-steels", "exchange": 0, "exchangecode": "", "primexch": 1, "country_id": 34, "currency": "INR", "cmp": "35.47", "chg": -0.72, "chgp": "-1.99%", "dir": -1, "prev_price": "36.19", "mcapval": "219.00 Cr", "mcap": "Micro Cap", "scripcode": 511672, "symbol": "SCANSTL", "ind_name": "Ferrous Metals", "ind_code": 23, "indexname": "India SENSEX", "isin": "INE099G01011", "curr_date": "Apr 30", "curr_time": "", "bse_nse_vol": "34.65 k", "exc_status": "Active", "traded_date": "Apr 30, 2026", "traded_date_str": "2026 04 30", "score": "", "scoreText": "", "Live": 0, "market_time": 0, "is_blur": 1, "is_blur_class": "blur-registerF-score-header", "is_blur_url": "https://www.marketsmojo.com/mojofeed/register?redirect=/stocks-analysis/scan-steels-150700-0&utm_source=Spage_Header_Score", "mojoone": { "ismore": 0 } }, "news": { "results": [ { "title": "Scan Steels Gains 7.95%: Valuation Appeal Amidst Strong Sell Downgrade", "link": "https://www.marketsmojo.com/news/stocks-in-action/scan-steels-gains-795-valuation-appeal-amidst-strong-sell-downgrade-3963320", "imagepath": "", "date": "2026-04-26 15:00:04", "description": " <div class=\"article-news-new\">\n <div class=\"article-container\">\n\n<div class=\"article-content\">\n <div class=\"highlight-box\">\n <h3>Key Events This Week</h3>\n <p><strong>Apr 20:</strong> Stock opens at Rs.33.24, down 2.81% on weak market sentiment</p>\n <p><strong>Apr 21:</strong> Recovery with 3.19% gain to Rs.34.30 despite low volume</p>\n <p><strong>Apr 22:</strong> Slight dip of 0.90% to Rs.33.99 amid mixed market cues</p>\n <p><strong>Apr 23:</strong> Strong rebound with 2.85% rise to Rs.34.96 on heavy volume</p>\n <p><strong>Apr 24:</strong> Stock surges 5.61% to Rs.36.92 following valuation upgrade and downgrade news</p>\n </div>\n\n <div class=\"stats-row\">\n <div class=\"stat-item\"><div class=\"stat-label\">Week Open</div><div ..." }, { "title": "Scan Steels Ltd Downgraded to Strong Sell Amidst Weak Financial Trends and Valuation Shifts", "link": "https://www.marketsmojo.com/news/stock-recommendation/scan-steels-ltd-downgraded-to-strong-sell-amidst-weak-financial-trends-and-valuation-shifts-3960058", "imagepath": "https://i.marketsmojo.com/newsimg/2026/4/ScanSteelsLtd_mojoScore_3960058.png", "date": "2026-04-24 08:00:49", "description": "Scan Steels Ltd, a micro-cap player in the ferrous metals sector, has seen its investment rating upgraded from Sell to Strong Sell as of 23 April 2026. This change is primarily driven by an improvement in valuation metrics, even as the company continues to grapple with flat financial trends and weak quality scores. The stock’s recent 2.85% day gain contrasts with its longer-term underperformance, highlighting a complex investment outlook." }, { "title": "Scan Steels Ltd Valuation Shifts Signal Renewed Price Attractiveness Amid Mixed Returns", "link": "https://www.marketsmojo.com/news/stocks-in-action/scan-steels-ltd-valuation-shifts-signal-renewed-price-attractiveness-amid-mixed-returns-3959975", "imagepath": "https://i.marketsmojo.com/newsimg/2026/4/ScanSteelsLtd_valuationdot_3959975.png", "date": "2026-04-24 08:00:06", "description": "Scan Steels Ltd has witnessed a notable shift in its valuation parameters, moving from a very attractive to an attractive rating, driven primarily by its current price-to-earnings (P/E) ratio of 10.97 and price-to-book value (P/BV) of 0.48. Despite this positive valuation adjustment, the company’s financial performance and returns relative to the Sensex present a mixed picture, prompting a cautious yet opportunistic stance for investors." }, { "title": "Scan Steels Ltd is Rated Sell by MarketsMOJO", "link": "https://www.marketsmojo.com/news/stock-recommendation/scan-steels-ltd-is-rated-sell-by-marketsmojo-3951876", "imagepath": "https://i.marketsmojo.com/newsimg/2026/4/ScanSteelsLtd_mojoScore_3951876.png", "date": "2026-04-18 10:10:38", "description": "Scan Steels Ltd is rated 'Sell' by MarketsMOJO, with this rating last updated on 06 April 2026. However, the analysis and financial metrics discussed here reflect the stock's current position as of 18 April 2026, providing investors with an up-to-date view of the company’s fundamentals, returns, and market performance." }, { "title": "Scan Steels Ltd Upgraded to Sell on Technical Improvements Despite Flat Financials", "link": "https://www.marketsmojo.com/news/stock-recommendation/scan-steels-ltd-upgraded-to-sell-on-technical-improvements-despite-flat-financials-3935283", "imagepath": "https://i.marketsmojo.com/newsimg/2026/4/ScanSteelsLtd_mojoScore_3935283.png", "date": "2026-04-07 08:01:29", "description": "Scan Steels Ltd has seen its investment rating upgraded from Strong Sell to Sell as of 6 April 2026, driven primarily by a shift in technical indicators amid persistent fundamental challenges. While the company’s financial performance remains subdued, recent technical signals suggest a mild improvement in market sentiment, prompting a reassessment of its outlook." }, { "title": "Scan Steels Ltd is Rated Strong Sell", "link": "https://www.marketsmojo.com/news/stock-recommendation/scan-steels-ltd-is-rated-strong-sell-3933264", "imagepath": "https://i.marketsmojo.com/newsimg/2026/4/ScanSteelsLtd_mojoScore_3933264.png", "date": "2026-04-05 10:10:11", "description": "Scan Steels Ltd is rated Strong Sell by MarketsMOJO, with this rating last updated on 19 Nov 2025. However, the analysis and financial metrics discussed here reflect the company’s current position as of 05 April 2026, providing investors with an up-to-date perspective on the stock’s fundamentals, valuation, financial trends, and technical outlook." }, { "title": "Scan Steels Ltd Falls to 52-Week Low of Rs 25.33 as Sell-Off Deepens", "link": "https://www.marketsmojo.com/news/stocks-in-action/scan-steels-ltd-falls-to-52-week-low-of-rs2533-amid-continued-downtrend-3919716", "imagepath": "https://i.marketsmojo.com/newsimg/2026/3/ScanSteelsLtd_priceRelatedfactors_3919716.png", "date": "2026-03-27 13:10:50", "description": "For the second consecutive session, Scan Steels Ltd has succumbed to selling pressure, hitting a fresh 52-week low of Rs 25.33 on 27 Mar 2026. This decline comes amid a broader market downturn, but the stock’s underperformance is notably sharper than its peers in the ferrous metals sector." }, { "title": "Scan Steels Ltd is Rated Strong Sell by MarketsMOJO", "link": "https://www.marketsmojo.com/news/stock-recommendation/scan-steels-ltd-is-rated-strong-sell-by-marketsmojo-3915813", "imagepath": "https://i.marketsmojo.com/newsimg/2026/3/ScanSteelsLtd_mojoScore_3915813.png", "date": "2026-03-25 10:10:18", "description": "Scan Steels Ltd is rated Strong Sell by MarketsMOJO, with this rating last updated on 19 Nov 2025. However, the analysis and financial metrics discussed here reflect the company’s current position as of 25 March 2026, providing investors with an up-to-date view of the stock’s fundamentals, valuation, financial trends, and technical outlook." }, { "title": "Scan Steels Ltd Falls to 52-Week Low of Rs 26 as Sell-Off Deepens", "link": "https://www.marketsmojo.com/news/stocks-in-action/scan-steels-ltd-falls-to-52-week-low-of-rs26-amidst-weak-performance-3907523", "imagepath": "https://i.marketsmojo.com/newsimg/2026/3/ScanSteelsLtd_priceRelatedfactors_3907523.png", "date": "2026-03-23 11:35:50", "description": "" } ], "total": 125, "sid": "150700", "stock_news_url": "https://www.marketsmojo.com/news/scan-steels-150700" }, "announcements": [ { "caption": "Board Meeting Outcome for Outcome Of Board Meeting - Allotment Of Equity Shares On Conversion Of OCRPS", "datetime": "27-Apr-2026", "details": "Allotment of 2144239 equity shares of Rs. 10 each pursuant to conversion of 2042133 no. of Optionally Convertible Redeemable Preference Shares (OCRPS) - Pursuant to the exercise of option of conversion by the OCRPS Holders as per the terms approved vide shareholders resolution dated May 14 2025 the Board of Directors of the Company vide resolution passed on April 27 2026 has allotted 2144239 no. of fully paid-up equity shares of the Company having face value of Rs. 10/- each against conversion of 2042133 no. of OCRPS.", "source": "BSE" }, { "caption": "Announcement under Regulation 30 (LODR)-Allotment", "datetime": "27-Apr-2026", "details": "Outcome of Board Meeting - Allotment of Equity Shares on Conversion of OCRPS.", "source": "BSE" }, { "caption": "Board Meeting Intimation for Allotment Of 2144239 Equity Shares On Conversion Of Optionally Convertible Redeemable Preference Shares (OCRPS) Allotted On Preferential Basis.", "datetime": "23-Apr-2026", "details": "Scan Steels Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 27/04/2026 inter alia to consider and approve Allotment of 2144239 Equity Shares on Conversion of Optionally Convertible Redeemable Preference Shares (OCRPS) allotted on Preferential Basis.", "source": "BSE" } ], "corporate_actions": [ { "img": "board-meeting.svg", "title": "BOARD MEETING", "msg": "<span>No</span> Upcoming Board Meetings", "data": [] }, { "img": "dividend.svg", "title": "DIVIDEND", "msg": "No <strong>Dividend</strong> history available", "data": [] }, { "img": "splits.svg", "title": "SPLITS", "msg": "No <strong>Splits</strong> history available", "data": [] }, { "img": "bonus.svg", "title": "BONUS", "msg": "No <strong>Bonus</strong> history available", "data": [] }, { "img": "rights-issues.svg", "title": "RIGHTS", "msg": "No <strong>Rights</strong> history available", "data": [] } ] }

Key Events This Week

Apr 20: Stock opens at Rs.33.24, down 2.81% on weak market sentiment

Apr 21: Recovery with 3.19% gain to Rs.34.30 despite low volume

Apr 22: Slight dip of 0.90% to Rs.33.99 amid mixed market cues

Apr 23: Strong rebound with 2.85% rise to Rs.34.96 on heavy volume

Apr 24: Stock surges 5.61% to Rs.36.92 following valuation upgrade and downgrade news

Week Open

Read full news article

Scan Steels Ltd Downgraded to Strong Sell Amidst Weak Financial Trends and Valuation Shifts

2026-04-24 08:00:49

Scan Steels Ltd, a micro-cap player in the ferrous metals sector, has seen its investment rating upgraded from Sell to Strong Sell as of 23 April 2026. This change is primarily driven by an improvement in valuation metrics, even as the company continues to grapple with flat financial trends and weak quality scores. The stock’s recent 2.85% day gain contrasts with its longer-term underperformance, highlighting a complex investment outlook.

Read full news article

Scan Steels Ltd Valuation Shifts Signal Renewed Price Attractiveness Amid Mixed Returns

2026-04-24 08:00:06

Scan Steels Ltd has witnessed a notable shift in its valuation parameters, moving from a very attractive to an attractive rating, driven primarily by its current price-to-earnings (P/E) ratio of 10.97 and price-to-book value (P/BV) of 0.48. Despite this positive valuation adjustment, the company’s financial performance and returns relative to the Sensex present a mixed picture, prompting a cautious yet opportunistic stance for investors.

Read full news article

Scan Steels Ltd is Rated Sell by MarketsMOJO

2026-04-18 10:10:38

Scan Steels Ltd is rated 'Sell' by MarketsMOJO, with this rating last updated on 06 April 2026. However, the analysis and financial metrics discussed here reflect the stock's current position as of 18 April 2026, providing investors with an up-to-date view of the company’s fundamentals, returns, and market performance.

Read full news article

Scan Steels Ltd Upgraded to Sell on Technical Improvements Despite Flat Financials

2026-04-07 08:01:29

Scan Steels Ltd has seen its investment rating upgraded from Strong Sell to Sell as of 6 April 2026, driven primarily by a shift in technical indicators amid persistent fundamental challenges. While the company’s financial performance remains subdued, recent technical signals suggest a mild improvement in market sentiment, prompting a reassessment of its outlook.

Read full news article

Scan Steels Ltd is Rated Strong Sell

2026-04-05 10:10:11

Scan Steels Ltd is rated Strong Sell by MarketsMOJO, with this rating last updated on 19 Nov 2025. However, the analysis and financial metrics discussed here reflect the company’s current position as of 05 April 2026, providing investors with an up-to-date perspective on the stock’s fundamentals, valuation, financial trends, and technical outlook.

Read full news article

Scan Steels Ltd Falls to 52-Week Low of Rs 25.33 as Sell-Off Deepens

2026-03-27 13:10:50

For the second consecutive session, Scan Steels Ltd has succumbed to selling pressure, hitting a fresh 52-week low of Rs 25.33 on 27 Mar 2026. This decline comes amid a broader market downturn, but the stock’s underperformance is notably sharper than its peers in the ferrous metals sector.

Read full news article

Scan Steels Ltd is Rated Strong Sell by MarketsMOJO

2026-03-25 10:10:18

Scan Steels Ltd is rated Strong Sell by MarketsMOJO, with this rating last updated on 19 Nov 2025. However, the analysis and financial metrics discussed here reflect the company’s current position as of 25 March 2026, providing investors with an up-to-date view of the stock’s fundamentals, valuation, financial trends, and technical outlook.

Read full news article

Scan Steels Ltd Falls to 52-Week Low of Rs 26 as Sell-Off Deepens

2026-03-23 11:35:50

Read full news article