Net profit of Gallantt Ispat rose 1531.67% to Rs 45.85 crore in the quarter ended December 2020 as against Rs 2.81 crore during the previous quarter ended December 2019. Sales rose 18.31% to Rs 289.64 crore in the quarter ended December 2020 as against Rs 244.82 crore during the previous quarter ended December 2019.

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Gallantt Ispat will hold a meeting of the Board of Directors of the Company on 12 February 2021.

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Pioneer Embroideries Ltd, Gallantt Metal Ltd, Rajratan Global Wire Ltd and SORIL Infra Resources Ltd are among the other gainers in the BSE's 'B' group today, 29 January 2021.

Gallantt Ispat Ltd soared 10.61% to Rs 39.6 at 12:03 IST. The stock was the biggest gainer in the BSE's 'B' group. On the BSE, 7382 shares were traded on the counter so far as against the average daily volumes of 11752 shares in the past one month.

Pioneer Embroideries Ltd surged 9.17% to Rs 43.45. The stock was the second biggest gainer in 'B' group. On the BSE, 10767 shares were traded on the counter so far as against the average daily volumes of 8328 shares in the past one month.

Gallantt Metal Ltd spiked 8.55% to Rs 44.45. The stock was the third biggest gainer in 'B' group. On the BSE, 15581 shares were traded on the counter so far as against the average daily volumes of 20005 shares in the past one month.

Rajratan Global Wire Ltd jumped 7.24% to Rs 566.05. The stock was the fourth biggest gainer in 'B' group. On the BSE, 1107 shares were traded on the counter so far as against the average daily volumes of 2629 shares in the past one month.

SORIL Infra Resources Ltd rose 6.86% to Rs 122.2. The stock was the fifth biggest gainer in 'B' group. On the BSE, 5362 shares were traded on the counter so far as against the average daily volumes of 24645 shares in the past one month.

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Gallantt Ispat announced that the company has successfully filed application with the Hon'ble National Company Law Tribunal (NCLTJ, Kolkata Bench and Delhi Bench in the matter of Scheme of Amalgamation of Gallantt Ispat (GIL), AAR Commercial Company (AAR), Hipoline Commerce (Hipoline), Lexi Exports (Lexi) and Richie Credit and Finance (Richie) with Gallantt Metal (GML) and slump sale of power plant undertaking of GIL to GML under sections 230 to 232 of the Companies Act, 2013.

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