Bengaluru, June 19 -- The shares of a Small-Cap company, specializing in sponge iron, steel, and TMT bars production, jumped by upto 7 percent upon being declared the preferred bidder for two iron ore blocks in Uttar Pradesh

With a market capitalization of Rs. 11,581.49 crores on Thursday, the shares of Gallantt Ispat Limited jumped by upto 6.6 percent, making a high of Rs. 480.95 per share compared to its previous closing price of Rs. 450.80 per share.

Gallantt Ispat Limited, engaged in the business of Iron & Steel, Agro, Power, and Real Estate, at its meeting held on June 19, 2025, the Board of Directors of Gallantt Ispat Limited approved two key decisions.

First, the company planned to invest Rs. 72.50 crores to acquire approximatel...