Mukul Agrawal stock jumps 5% after reporting Q2 results; Acquires Tata Steel Plant

Synopsis:

IMFA reported steady sequential growth in revenue and profit for Q2FY26, declared an interim dividend of Rs. 5 per share, and announced the acquisition of Tata Steel’s Kalinganagar ferro chrome plant for Rs. 610 crore. The Mukul Agrawal stock jumped over 5 percent post results.

A leading ferro alloy stock rallied sharply after announcing its Q2FY26 results and a major capacity-boosting acquisition. Investor sentiment turned positive following steady sequential growth and news of the Tata Steel deal, which positions the company as the largest domestic producer.

Indian Metals & Ferro Alloys Ltd (IMFA) , with a market capitalisation of Rs. 6,639.05 crore, opened at Rs. 1,204 and touched an intraday high of Rs. 1,275 against the previous close of Rs. 1,208.45, marking a rise of