ISMT’s stock price surged by 3% in early trading on April 15th following the company’s receipt of two contracts from Oil and Natural Gas Corporation Limited (ONGC). The contracts, awarded on April 12th, entail the supply of regular casing pipes with a combined value of approximately Rs 343.72 crore. Scheduled for execution between April 11, 2024, and February 13, 2025, these contracts boosted ISMT’s shares, which were trading at Rs 99.25 as of 9:49 am, marking a gain of Rs 2.98 or 3.10% on the BSE.
ISMT’s stock recently hit a 52-week high of Rs 112.24 and a low of Rs 68.10 on January 30, 2024, and April 17, 2023, respectively. Presently, the stock is trading 11.57% below its 52-week high and 45.74% above its 52-week low.
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