Shares of Indian Metals & Ferro Alloys have rallied nearly 80% in the past 12 months, outperforming the Nifty whose returns in this period is around 12%.
Indian Metals & Ferro Alloys on Friday ended at Rs 901.30 on the BSE, down by Rs 9.20 or 1.01% over Thursday’s closing price.
The stock is currently trading above its 50-day and 200-day simple moving averages (SMAs) of Rs 821 and Rs 729, respectively. However, the stock has been quite volatile with a 1-year beta of 1.5 according to Trendlyne data.
It has a market capitalisation of Rs 4,862.88 crore.
It hit its 52-week high of Rs 998.40 on December 9, 2024, while its 52-week low was Rs 472 hit on Decemeber 18, 2024.Established in 1961 in the eastern state of Odisha known for its rich natural resources, IMFA is an integrated producer of value-added ferro chrome with 190 MVA installed furnace capacity backed up by 204.55 MW captive power generation capacity (including 4.55 MW solar) and extensive chrome ore mining tracts.Dolly Khanna is a Chennai-based large investor who has been investing in the stock markets since 1996. Her portfolio is managed by her husband Rajiv Khanna. Her portfolio comprises stocks in manufacturing, textile, chemicals and sugar stocks. As per the latest corporate shareholdings compiled by Trendlyne, she publicly holds 19 stocks with a net worth of over Rs 469.6 crore.
Among other stocks held by her are Chennai Petroleum, 20 Microns, Emkay Global, J Kumar Infraprojects, Nitin Spinners, Prakash Industries and Repco Home Finance.
Another ace investor Mukul Mahvir Agrawal also holds 1.11% in the company.
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