DSIJ Mindshare

The company’s repayment of debt in order to move ahead on its plans to become a debt-free entity in the ongoing financial year. As a part of its defined debt-reduction program, it has further repaid bank debts by Rs 7.30 crore, taking the total amount of bank debt reduced to Rs 71.8 crore and the overall bank-debt reduction to Rs 98.2 crore approx. from the peak level of about Rs 170 crore, till date.

Today shares of company has hit all time high and shown spurt in volume by 3.25 times.

Additionally, all the moving averages are currently in an uptrend and align in a desirable sequence, suggesting a favorable sentiment. The daily RSI has marked a fresh swing high on the daily time scale, continuing to rise, while the weekly RSI remains in a strong bullish zone

The total capex is estimated to be in the range of, and it will be funded from their internal accruals. It's like a supernova of growth potential! The Indian stainless-steel sector is a powerhouse, being the 2nd largest producer and consumer worldwide, with a massive manufacturing capacity of over 6.8 million tons annually.

The price band of the issue has been fixed at Rs 705 to Rs 741 per equity share. The issue size is Rs 1,551 crore at a higher price band.