Goyal Aluminum Ltd, a Small-cap company engaged in Commercial Services, with a market value of Rs. 455.75 crore. Leading manufacturer of aluminum coils, sheets, sections, and other parts is Goyal Aluminum. Although the company was founded in 2018, it has been in operation for 25 years. It is a leading distributor, manufacturer, and trader of all kinds of metal goods.
Shares of Goyal Aluminum today defied the bearish market trend to trade in the green and reach a new 52-week high, riding on a spike in volumes in response to the news of bulk transactions. White Field Investment Fund SCPS purchased 1.70 lakh shares today in bulk transactions, according to exchange statistics. was completed at a share transaction cost of 315.80.
The stock started the day in the green and maintained consistency to reach new 52-week highs, despite the fact that the benchmark indices finished the day with losses. Shares traded at 326.00 on Tuesday in the afternoon.
With a recently established business called Wroley E India, the corporation has disclosed plans to enter the market for electric automobiles. Only for the domestic market will the low-speed, electric scooter be created. The Central Institute of Road Transport (CIRT) has already given the company permission to introduce the first high-speed electric scooter in April of this year. Customers will find it simpler to choose e-scooters over current fuel-mechanical two-wheelers as a result, according to the statement. As anticipated by the corporation, the company has also hired 25 dealers in North India and plans to hire 150 dealers nationwide by March 2024.
Ravi Singh, Vice President and Head of Research at Share India, commented on the stock of Goyal Aluminium, saying, “One can purchase the scrip preserving stop loss at current levels. Each level is 300. can reach the 390-pound benchmark.
The last time Goyal Aluminum Ltd traded on the BSE was at 319.30, with an overhead spread of 1.17% per level.
Also Read: Bank of Baroda-backed India First Life Insurance gets SEBI Approval for IPO
