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Kalyani Steels Stock Up 11% After Winning Bid for Kamineni Steel Assets | Stock Market News
Updated: January 11, 2024 02:39 PM IST
Shares of Kalyani Steels Ltd. surged nearly 11% on Thursday to reach a 52-week high after the company emerged as the successful bidder for the assets of Kamineni Steel and Power India, which were under liquidation. The acquisition is expected to boost Kalyani Steels' production capacity and market share.
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