Shah Alloys Ltd Performance
Open
63
Traded Value (Cr)
9.02 L
Prev. Close
62.35
VWAP
62.74
Volume
3,446
Face Value
10
Shah Alloys Ltd Fundamentals
Shah Alloys Ltd Financials
Resistance and Support
₹64.85
PIVOT
Resistance | |
---|---|
First Resistance | ₹66.700 |
Second Resistance | ₹69.800 |
Third Resistance | ₹71.650 |
Support | |
---|---|
First Resistance | ₹61.750 |
Second Resistance | ₹59.900 |
Third Resistance | ₹56.800 |
RSI | 56.416 |
MACD | 1.410 |
ADX | 21.126 |
CCI | -48.594 |
Delivery and Volume
About Shah Alloys Ltd
Incorporated in November, 1990, Shah Alloys Limited went public in 1992. It was promoted by Rajendrabhai V Shah and Rajiniben R Shah. The Company is engaged in the manufacture of Stainless Steel, Alloy & Special Steel, Carbon/ Mild Steel and Armour Steel in Flat and Long products of which it makes Hot Rolled Coils, Sheets & Plates , Cold Rolled Coils & Sheets , Hot Rolled Round Bars , Bright Round Bars , Hot Rolled Flat Bars , Angles, Beams etc. The company came out with a public issue in Dec.'92 to part-finance an expansion scheme, and to meet long-term working capital requirements. The company has embarked on a Rs 6.53-cr project to manufacture stainless steel and other alloy products, financed by GIIC. It has put up a hot plate rolling mill at a cost of Rs 36.75 cr. The company received the Dhatu Nayak Award for best performance in the stainless steel industry. During 1998-99, the Company implemented the project of captive power plant having capacity of 20 MW. The project was financed through term loans and internal cash accruals. Also in 2000-01, the company commissioned India's first 1800mm width Stainless Steel Slab Caster. The project of H R /S S Sheet /Coil was commissioned as per schedule. The company's ongoing diversification project of manufacturing of HR/SS Sheet/Coil was implemented during 2001-02. During 2001-02 Shah Steel & Industrial Gases Limited was amalgamated with the company and accordingly 20 equity shares of Shah alloys were issued and allotted to Shah Steel & Industrial Gases Ltd pursuant to the scheme which provided for the company to issue shares in the ratio of one Equity Shares of the company for every 35 equity shares of Shah Steel & Industrial Gases Ltd. The Company commenced the production of value added CRC Coils, with the commencement of two Cold Rolling Mills (CRMs) in FY. 2005-06. During the year 2010-11, the Company was declared Sick Industrial Company under the provisions of Section 3(1)(0) of Sick Industrial Companies (Special Provisions) Act 1985.
Managing Director
Founded
1990
NSE Symbol
SHAHALLOYS
Shah Alloys Ltd Management
Name | Designation |
---|---|
Rajendra V Shah | Chairman (Non-Executive) |
Ashok A Sharma | Whole Time Director & CFO |
G M Shaikh | Non-Exec. & Independent Dir. |
Harshad Shah | Non-Exec. & Independent Dir. |
Tejpal S Shah | Non-Exec. & Independent Dir. |
Shefali M Patel | Non-Exec. & Independent Dir. |
Vinay Kumar Mishra | Company Sec. & Compli. Officer |
Mrinal Sinha | Whole-time Director |
Prakash Patel | Whole-time Director |
Mayank Chadha | Company Sec. & Compli. Officer |
Ambalal C Patel | Independent Director |
Shah Alloys Ltd News
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