Maharashtra clears 937 hectares for Gadchiroli steel expansion Steel stock surges 29% in just two days Steel output rises 14% to 9.25 MT Infrastructure boom fuels India’s steel consumption
Sunflag Iron & Steel grabbed market attention after its share price jumped sharply for the second straight session, touching a fresh record high of ₹376.55 on the BSE. The stock rallied 17% in intraday trade and has surged nearly 29% in just two trading days, making it one of the standout steel sector counters in the market.
The strong momentum followed a major bulk deal, where investor Vallabh Roopchand Bhanshali purchased 2 million shares of the company for around ₹60 crore at an average price of ₹300 per share. The development boosted investor interest in the special steel manufacturer.
Sunflag Iron & Steel, based in Maharashtra, manufactures special steel rolled products and serves sectors such as automobiles, defence, railways, aerospace and advanced engineering. The company’s super alloy steel facility is also expanding its reach into high-value segments, including defence, space, nuclear and turbine applications. With growing diversification and strong sector demand, Sunflag remains in focus for steel industry watchers.
Also Read : Indian Steelmakers on Alert as US Mulls Tariff Reciprocity India's exports to Europe may be affected due to Iran-Israel conflict
A new ₹2,345-crore steel plant near Koppal, announced by Karnataka’s Industries Minister M B P...
India 20-Sep-2025
India produced 284 MT of iron ore in FY 2024-25, highest ever. 13% YoY growth driven by mining expa...
Business 05-May-2025
India’s Steel Industry Eyes 300 MTPA Target by 2030 India is working to expand its steel prod...
Business 27-Jun-2025
JSW Vijayanagar Metallics Ltd. (JVML), a subsidiary of JSW Steel, has commissioned a new 350-tonne R...
Construction 15-Dec-2025
The commerce and industry ministry said the government has discussed negotiating a dedicated chapter...
Press Releases 29-May-2024
Tata Steel shares fell nearly 4% post a 2.09 million-share block deal. Market reaction driven by di...
Business 09-Apr-2025