Ispat Industries’ stock opened at Rs. 48.25, after the previous close at Rs. 43.90 at BSE. The stock is presently trading 9.91% up at the Bombay Stock Exchange (BSE).

After the previous close at Rs. 43.95, the stock opened at Rs. 46.50 at NSE. The stock is presently trading at 10.01% up at NSE.

The stock has potential to surge little more up, which makes the stock good pick for making quick gains.

Ashwani Gujral, the renowned stock analyst has given “BUY CALL” for the stock. According to the stock analyst, “BUY ISPAT INDUSTRIES WITH A STOP LOSS OF 37 FOR TARGET OF RS 51.”

Ispat Industries Limited (IIL) is one of the major integrated steel producers of India. It is the largest private sector producer of hot rolled coils in India. Founded as Nippon Denro Ispat Limited in 1985 by founding chairman Mr M L Mittal, IIL has steadily grown into a Rs 7,000-crore company. Today, with investments of over US $2 billion, IIL is the 7th largest Indian private sector company.