Sept 8, 9:26AM: Shares of KIOCL Limited surged on Monday, hitting a fresh 52-week high of ₹492.60 during intraday trade. The stock opened at ₹455 and moved between a low of ₹453.10 and a high of ₹492.60 before closing at ₹451.65 on the NSE in the previous session.
In today’s trade, the stock jumped 8.27 percent to ₹489, supported by strong buying volumes of over 10.5 lakh shares. The average traded price stood at ₹479.86, highlighting sustained investor interest in the state-owned iron ore producer.
KIOCL has rallied sharply from its 52-week low of ₹209.84, nearly doubling in value as positive sentiment around the steel and mining sector continues to support valuations. The company now trades close to the upper end of its circuit limit of ₹541.95.
Market watchers said the stock remains in focus as part of the ongoing momentum in metals and mining counters, with traders eyeing near-term cues from demand outlook and government policies.
Disclaimer: This article is for informational purposes only and does not represent investment advice.
