Key Points
Shares of Godawari Power & Ispat have demonstrated a robust upward trajectory over the past 13 months, significantly enhancing investor wealth within a remarkably brief period..
From a trading price of 359.60 apiece, the company's shares have surged by an impressive 200%, to trade at the current level of 1,090 per share...
As a subsidiary of Hira Group, it has evolved into a fully integrated steel manufacturer with a diverse portfolio encompassing iron ore mining, pellet production, sponge iron, steel billets, ferroalloys, and power generation...
The new pellet plant's capacity, set to be commissioned in early FY26, is expected to add about 1.0 million tonnes of incremental volumes from FY24 onwards, significantly impacting the company's financial outlook...
Expanding its mining and pelletisation capabilities, the brokerage highlighted that the company is strategically positioned towards integrated steel production..
