Usha Martin stock skyrockets 2436% since March 2020

Usha Martin's shares have surged significantly in recent years. Starting at ₹87 just two years ago, the shares have jumped 296% to reach ₹345. They have increased an incredible 2436% since hitting a low of ₹13.60 in March 2020. On March 26, the stock rose 3% during trading. This increase came after a promoter group acquired more shares in the company. Brij Investments bought 19,000 shares, which is a 0.01% stake. Prior to this, they owned 2.03% of the company. The promoter group now holds 43.5% of Usha Martin. Usha Martin is known for manufacturing steel wires, ropes, and related products. The company is restructuring under a strategy called "One Usha Martin". This plan aims to combine global operations to improve costs and efficiency. Usha Martin hopes to become a leading player in specialty steel wire solutions. They have manufacturing locations in India, Dubai, Bangkok, and the UK. The company has seen strong stock performance over the years, ending most years positively. In recent years, Usha Martin's stock has been a solid investment. It recorded gains of 145% in 2021 and 73% in 2023. Investors are encouraged to seek expert advice before making investment decisions.