Mutual Funds Sahi Hai!
To avail the service, you will be redirected to loans.geojitcredits.com
Manappuram Finance Ltd, Shyam Metalics & Energy Ltd, Mahanagar Gas Ltd, Voltas Ltd are among the other stocks to see a surge in volumes on BSE today, 18 October 2024.
L&T Technology Services Ltd recorded volume of 1.06 lakh shares by 10:47 IST on BSE, a 22.53 times surge over two-week average daily volume of 4686 shares. The stock lost 1.22% to Rs.5,174.35. Volumes stood at 10114 shares in the last session.
Manappuram Finance Ltd notched up volume of 19.63 lakh shares by 10:47 IST on BSE, a 6.92 fold spurt over two-week average daily volume of 2.84 lakh shares. The stock slipped 14.91% to Rs.150.95. Volumes stood at 2.86 lakh shares in the last session.
Shyam Metalics & Energy Ltd recorded volume of 1.41 lakh shares by 10:47 IST on BSE, a 6.04 times surge over two-week average daily volume of 23365 shares. The stock lost 2.16% to Rs.899.40. Volumes stood at 12205 shares in the last session.
Mahanagar Gas Ltd witnessed volume of 83164 shares by 10:47 IST on BSE, a 4.58 times surge over two-week average daily volume of 18144 shares. The stock dropped 12.78% to Rs.1,535.60. Volumes stood at 9937 shares in the last session.
Voltas Ltd notched up volume of 1.15 lakh shares by 10:47 IST on BSE, a 4.13 fold spurt over two-week average daily volume of 27862 shares. The stock rose 1.73% to Rs.1,865.65. Volumes stood at 25632 shares in the last session.
Shyam Metalics and Energy announced the commencement of operations at its advanced Coke Oven Plant in Jamuria, West Bengal. The new facility began production, reflecting a significant step forward in the company's expansion and sustainability goals. Backward integration will enhance the company's bottom line by reducing costs and increasing control over the supply chain.
The coke oven plant which was heated for commissioning has begun receiving raw materials. It is comprised of two batteries, each containing 35 ovens. The factory will largely employ coal imported from Australia, Indonesia, and Russia to create high-quality coke. This coke will be used in Shyam Metalics' blast furnace, sinter plant, and ferroalloys facility, increasing production efficiency and quality across all facilities.
The new plant's eco-friendly features are one of its major highlights. The plant complies with strict environmental regulations and is friendly to the environment with its non-recovery type coke oven design, which ensures zero emissions. Furthermore, the waste heat recovery boiler (WHRB) facility will catch and use the flue gas released during the coke production process to generate electricity, increasing the plant's efficiency and reducing its impact on the environment.
The production of aluminium foil jumped 79% YoY to 1,975 MT with the average realisations increased by 10% YoY to Rs 3,52,005/MT in September 2024.
Speciality alloys production stood at 15,257 MT, up 12% YoY in September 2024 with a 4% YoY increase in average realisation to Rs 1,02,779/MT.
Carbon Steel production advanced 49% YoY to 1,37,513 MT and average realisation slipped 13% to Rs 42,362/MT in September 2024.
The sponge iron production gained 29% to 85,098 MT in September 2024 from 65,783 MT in September 2023 and average realisation dropped 19% YoY to Rs 24,140/MT in September 2024.
The pellet production was higher by 11% YoY to 91,794 MT with 14% YoY decline in average realisation to Rs 7,733/MT in September 2024.
Shyam Metalics and Energy is a leading integrated metal producing company based in India with a focus on long steel products and ferro alloys. The company is amongst the largest producers of ferro alloys, one of the leading players in terms of pellet capacity and the fourth largest player in the sponge iron industry in terms of sponge iron capacity in India.
The company reported 35.31% jump in consolidated net profit to Rs 276.14 crore on 8.36% rise in revenue from operations to Rs 3,611.61 crore in Q1 FY25 over Q1 FY24.
The scrip fell 0.63% to currently trade at Rs 894 on the BSE.