Scan Steels consolidated net profit rises 209.77% in the June 2024 quarter

Scan Steels shares rose 16.43% intraday to Rs 43 against the previous close of Rs 36.93 on BSE. With today’s rally, the stock almost touched the 52-week high of Rs 44 hit on September 2, 2022

Scan Steels shares rise 16% in afternoon trade; here’s why

Scan Steels reports standalone net loss of Rs 8.61 crore in the September 2022 quarter

Scan Steels standalone net profit rises 4.86% in the March 2022 quarter

Scan Steels Standalone December 2021 Net Sales At Rs 259.83 Crore, Up 27.71% Y-o-Y

Scan Steels standalone net profit declines 66.72% in the December 2021 quarter

Scan Steels standalone net profit rises 781.82% in the September 2021 quarter

The revision in the ratings is driven by the improvement in the company’s financials in FY21.

Infomerics revises ‘IVR BBB’ on Scan Steels’ credit ratings with stable outlook

Scan Steels standalone net profit rises 12011.11% in the June 2021 quarter

Scan Steels Standalone March 2021 Net Sales At Rs 240.59 Crore, Up 60.3% Y-o-Y

Scan Steels reports standalone net profit of Rs 23.66 crore in the March 2021 quarter

Hasn't fared well - amongst the low performers

Performance

Can be considered moderately valued vs the market

Valuation

Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

Profitability

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Scan Steels Limited is a steel making company engaged in manufacturing thermo mechanical treatment (TMT) re bars/flat/angel/chennel, MS billets or ingot and sponge iron, and trading sales-steel products.

Scan Steels Ltd