Stock of this iron & steel products company zoomed 50% in one month

The stock price of Usha Martin surged 8% to Rs 198.75 on the BSE in the intra-day trade on Wednesday after 5.64 million equity shares had changed hands till 2:00 PM

Shares of Usha Martin moved higher by 8 per cent to Rs 198.75 on the BSE in Wednesday’s intra-day trade amid heavy volumes. In the past one month, the stock of the iron & steel products company has zoomed 50 per cent, as compared to 0.41 per cent decline in the S&P BSE Sensex. It had hit a record high of Rs 198.95 on January 2, 2023.

Last month, Usha Martin was the top monthly gainer among the S&P BSE Smallcap index constituents as it gained 50 per cent. By comparison, the SmallCap index was down 2.5 per cent