Uttam Galva climbs 5% on fund raising plans

Uttam Galva Steels, a manufacturer of cold rolled and galvanized steel products, climbed on Wednesday after the company said it willraise fund upto Rs 1.75 billion through placement of shares to fund expansion and augment long term-resources. Shares ofthe companyare trading at Rs 72.25, up Rs 3.4, or 4.94% at the Bombay Stock Exchange (BSE) on Wednesday at 11:01 a.m.The scrip has touched an intra-day high of Rs 72.25 and low of Rs 71.50. The total volume of shares traded at the BSE is 5,382.In the earlier session, the shares rose 4.95%, or Rs 3.25, at Rs 68.85. Currently, the stock is trading down 42.43% from its 52-week high of Rs 125.50 and above 27.65% over the 52-week low of Rs 56.60.

Share Price Movement Period Pricein Rs Gain/(Loss) in Rs in % 1 Week 72.40 (3.55) (4.90) 1 Month 107.35 (38.50) (35.86) 3 Months 60.60 8.25 13.61 6 Months 58.95 9.90 16.79 1 Year 70.00 (1.15) (1.64) Note: Based on previous day closing price.