Shares of iron and steel manufacturer Gallantt Ispat have been on a remarkable roll, soaring nearly 60% in just one month. Despite market volatility on Thursday, the stock has climbed over 10% to clinch a fresh 52-week high of ₹869 on the BSE. According to reports from The Economic Times, the stock has risen 82% in the last 1 year and a staggering 1,600% in the last 5 years, demonstrating exceptional long-term performance.
Last week, the company reported robust operational performance for the March quarter. As reported by The Economic Times, Gallantt Ispat achieved 9% year-on-year increase in both steel production and sales for Q4. The company's production reached 0.24 million tonnes while sales stood at 0.23 million tonnes. The company operated at a capacity utilisation of 91% during the quarter, while utilisation for the full financial year 2025–26 stood at 86%.
The company witnessed significant growth across multiple product categories in the March quarter. According to The Economic Times, pellet production saw a sharp jump of 59% to 2,21,612 tonnes in the March quarter, compared with 1,39,697 tonnes in the year-ago period. Sponge iron output also recorded strong growth, rising 38% to 2,44,555 tonnes from 1,77,072 tonnes last year. Additionally, production of billets and MS bars increased 9% year-on-year to 2,35,212 tonnes and 2,10,243 tonnes respectively.
Market experts are divided on the stock's future prospects amid the current rally. As reported by The Economic Times, Ajit Mishra, SVP at Religare Broking noted that the stock is in a strong long-term uptrend, consistently trading above its key moving averages. He suggests that as long as the stock sustains above the breakout level of ₹780, the structure remains positive with potential upside toward ₹900–950. However, Ruchi Jain, Vice President of Technical Research at Motilal Oswal advises caution, stating that the support for the stock is placed around ₹740-720 and recommends looking for opportunities only on declines.
