Garg Furnace Ltd (GARGFUR) is currently trading at 193.70 per share. Stock prices fluctuate during market hours on NSE and BSE based on demand, company updates, and overall market conditions. Refer to the live price chart above for the most recent price movement.

Garg Furnace Ltd is engaged in the manufacturing and dealing of iron and steel products, specifically M.S. Round, Ingot, Wire Rod. It operates manufacturing plants in Ludhiana, Punjab. The company commenced operations with a one-tonne arc furnace but shifted to induction melting technology due to technological challenges with the arc furnace. In 1995, Garg Furnace undertook an expansion and forward integration to enhance capacity and set up a wire rod mill, financed through tapping the capital market. With a history of over four decades, the company has steadily increased its melting capacity over the years, indicating a focus on growth and adaptation. Operationalizes a strategic power infrastructure project with a 66KV Sub Station Project in 2011, showcasing long-term sustainability planning.

Over the past 52 weeks, Garg Furnace Ltd has traded between a low of ₹108.65 and a high of ₹207.00. The 52-week high and low indicate the stock’s price range over the last year and help investors understand its volatility and recent trading levels.

Garg Furnace Ltd has a market capitalization of approximately 133.14. Market capitalization represents the total value of a company’s outstanding shares and helps investors understand its size, stability, and relative risk compared to other listed companies.

Garg Furnace Ltd’s investment profile depends on its business fundamentals, valuation, and long-term outlook. The stock currently trades at a PE ratio of 12.42 and operates in the its sector sector. Investors typically assess financial performance, growth prospects, and individual risk tolerance before making investment decisions.

Based on its market capitalization of 133.14 Cr, Garg Furnace Ltd is classified as a Small Cap stock. Large-cap stocks are generally more stable, while mid-cap and small-cap stocks tend to offer higher growth potential along with higher price volatility.

Garg Furnace Ltd operates in the its sector sector. Sector classification matters because companies in the same sector are often affected by similar economic conditions, regulatory changes, and competitive dynamics, which can influence overall stock performance.

The Price-to-Earnings (PE) ratio of Garg Furnace Ltd is 12.42. The PE ratio compares a company’s share price to its earnings and is commonly used to assess valuation. Comparing the PE ratio with sector peers and historical levels provides better context.

The company proposes issuing up to 13,98,000 convertible warrants at ₹126.50 each, aggregating up to ₹17.68 crore.