Gallantt Ispat (GALLANTT.NS)
Gallantt Ispat Limited (GALLANTT.NS) closed the trading session on Wednesday 21 September 2026 at a 2.76 % gain, with the last recorded price at INR 583.1. The share price is supported by a current market capitalisation of INR 149.8 billion and a trading volume of approximately INR 10.9 billion in the past 24 hours. The 24‑hour market activity represents a cumulative trade of 241.3 million shares.
Key Market Metrics
| Metric | Value |
|---|---|
| Current share price | INR 583.1 |
| Current supply of shares | 241.3 mn |
| Market capitalisation | INR 149.8 bn |
| 24‑hour trading value | INR 10.9 bn |
| 52‑week high | INR 948 (16 April 2026) |
| 52‑week low | INR 496.25 (18 December 2025) |
| 200‑day simple moving average | INR 623.54 |
| Performance since last month‑end | +14.51 % |
Recent Financial Performance
Gallantt Ispat reported a decline in quarterly earnings compared to the same period a year earlier. The profit per share decreased, although revenue increased, indicating a modest expansion in steel product sales. Operating profit slipped due to intensifying cost pressures. Cash generated from operating activities remained positive, while the group invested heavily in fixed assets and capital works. New borrowings were recorded under financing activities, and dividend payments were made in accordance with the board’s recommendation. The auditor’s review confirmed that the unaudited financial statements comply with applicable accounting standards and regulatory disclosures, with no material misstatement identified.
Market Context
The company continues to navigate a challenging market environment while maintaining its dividend policy. Despite the earnings decline, revenue growth suggests resilience in the steel sector. The 200‑day moving average indicates a potential support level, and the stock’s upward trend since the previous month‑end may attract long‑term investors.
Performance of Related Stocks in the Past 24 Hours
| Stock | 24‑hour change | Current price | Market capitalisation | P/E ratio |
|---|---|---|---|---|
| Caplin Point Laboratories (CAPLIPOIN.NS) | -0.61 % | INR 2,221.6 | INR 175.3 bn | 28.54 |
| Azad Engineering (AZAD.NS) | -2.03 % | INR 2,538.8 | INR 176.8 bn | 133.57 |
| Eclerx Services (ECLERX.NS) | -1.89 % | INR 1,928.7 | INR 178 bn | 25.44 |
| Elgi Equipments (ELGIEQUIP.NS) | -4.87 % | INR 526.1 | INR 174.7 bn | 40.49 |
| Ratnamani Metals & Tubes (RATNAMANI.NS) | -0.74 % | INR 2,404.7 | INR 176.9 bn | 41.65 |
These figures provide a snapshot of contemporaneous performance among peers in the steel and engineering sectors, highlighting broader market movements and valuation metrics.
