Sarda Energy and Minerals Zoomed 15%; Do You Hold?
- Share.Market
- 2 min read
- 11 Apr 2025
Shares of Sarda Energy & Minerals Ltd. zoomed nearly 15% during early trades today, outperforming its sector.
A notable trend reversal after five consecutive days of decline was observed. It opened with a gap-up of 3.94%, reaching an intraday high of ₹484. It will be interesting to see how the stock performs in the coming days.
Sarda Energy & Minerals, established in 1973 and the flagship of the Sarda Group, is a vertically integrated producer based in Raipur, Chhattisgarh, specializing in sponge iron, steel ingots, and manganese-based ferroalloys.
Listed on BSE and NSE with a 73.16% promoter holding and recognized as a two-star export house by the Ministry of Commerce & Industry, SEML is one of India’s lowest-cost steel producers and a major exporter of ferroalloys.
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