Gallantt Ispat shares surged in Thursday’s trading session, October 15, drawing investor attention to the steelmaker amid its expansion plans and a technical recovery. However, the stock remains below its record levels, while its recent rally has brought it close to a key resistance zone. Investors and traders will be watching whether the momentum can sustain or whether profit booking emerges at higher levels.
The stock climbed 14% to ₹646 apiece on the BSE. Despite the rally, it remained 32% below its peak of ₹946.70, recorded in April 2026. Gallantt Ispat had touched a 52-week low of ₹470.80 in November 2025.
The stock has gained 23% over the past week and 16% over one month. However, it has declined 10% over three months, 21% over six months and 6% over one year. Over five years, it has delivered multibagger returns of 669%.
According to media reports, Gallantt Ispat is entering a major growth phase in FY2026–27, with plans to expand manufacturing capacity and strengthen its brand presence across India. The company has appointed Janhvi Kapoor as a brand ambassador for Gallantt TMT Bars, joining Ajay Devgn.
The company operates integrated manufacturing facilities in Gorakhpur, Uttar Pradesh, and Kutch, Gujarat. Its operations cover pellets, direct reduced iron (DRI), or sponge iron, billets, TMT bars and captive power generation.