Visa Steel stock jumps 12%, co to raise FII, NRI invest limit



Visa Steel announced on Monday that the company will be raising its FII and NRI investment limit, on the back of which the share prices of the company sharply rose by nearly 13% in Monday’s trade.  

Visa Steel hit an intraday high of Rs 20.60 per share and an intraday low of Rs 18.30 per share on BSE on Monday. The stock had hit its 52 week high of Rs 30.20 per share on May 4, 2017 and its 52 week high of Rs 14 per share on September 29, 2016 on BSE, respectively.

At 1449 hours, Visa Steel was trading at Rs 19.60 per share, higher by 12.97% on BSE on Monday. Meanwhile, S&P BSE Sensex was trading at 31,610.20 level, down by 312.24 points or 0.98% and NSE Nifty 50 was trading at 9,865.45 level, down by 98.95 points or 0.99% at the same time on Monday.  

Visa Steel engages in businesses related to mineral, metal and energy. The company manufactures iron and steel products, special steel, ferro chrome and coke. 
 
 

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