The price of sharing the Indian Metal & Ferro alloy jumped 5 percent, hitting the top circuit on November 23, after the Board said it would consider the problem of sharing a bonus.
In the submission of exchanges to BSE, the Company said that the board of directors will be held on November 26, 2021 to consider proposals for bonus issuance.
Stock traded at the circuit limit on Rs 718.40, up RS 34.20, or 5.00 percent at 11:27 hours.
There is waiting for orders 10,886 shares, without the seller available.
Indian Metals & Ferro Alloys Net Profit Soared 3-fold to Rs 143.58 Crore in the quarter ended September 2021 compared to Rs 43.62 Crore during the same quarter in 2020.
The seller jumped 49 percent to RS 653.16 Crore in the third quarter of September 2021 compared to RS 437.58 Crore a year ago.
IMFA is a ferro chrome value added manufacturer which is fully integrated with a capacity of 2.84 lakh tons per year.
The company has a manufacturing complex in Therubali and Choudwar which is supported by 204.55 MW captive power plants (including 4.55 MW Surya), and has chrome ore mine in Sukinda and Mahagiri.
