Inertia Steel Ltd has been experiencing significant growth in 2024, with its shares delivering an impressive return of 244% year-to-date. As of October 18, 2024, the current market price of Inertia Steel shares on the BSE is ₹502.85, reflecting a 2% rally on that day. The company’s market capitalization stands at ₹602.35 crore.
Inertia Steel is set to declare its first-ever stock split, with a Board of Directors meeting scheduled for October 22, 2024, to discuss the proposal. This stock split aims to reduce the face value of the shares from ₹10 to ₹1. Notably, the company has not previously declared any bonus shares or dividends.
Performance-wise, Inertia Steel’s shares reached a 52-week high of ₹502.85 on October 15, 2024, and a low of ₹138.70 on July 15, 2024. The shares have seen a remarkable increase of 25% in the last month, 228% in the last three months, and a total return of 230% over the past year.
Founded in 1984, Inertia Steel Limited operates in the diversified commercial services sector, engaging in trading activities related to iron and steel as merchants, commission agents, brokers, importers, exporters, and dealers.
Disclaimer: This article is for informational purposes only and should not be considered financial advice. The performance of Inertia Steel Ltd shares and any potential investment decisions should be evaluated based on individual financial circumstances and risk tolerance. Always consult with a qualified financial advisor before making investment decisions. Past performance is not indicative of future results, and investments in the stock market carry inherent risks.
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