Sarthak Metals Ltd (earlier known as Sarthak Metals Marketing Private Limited) was incorporated in 1995 and is a part of the DB group. The co. is engaged in the manufacturing of Cored wires, Aluminum wire rods and Wire feeder machines which have wide application in various steel-making processes like Steel plants, Fabrication units and foundries
CMP : 164
- Managed to close above yesterday's close
- Retested the previous breakout zone (152-153)
- Retested the 21 EMA (153)
- 50% Fibo level 151
- AVWAP near 149
SMLT CMP - 172.65 | New 52 week high | High volume gain | Positive technical indicators
- FII / FPI or Institutions increasing their shareholding
- Stock gained more than 20% in one month
- Strong Momentum: Price above short, medium and long term moving averages
*Not recommendations
Idea :)
Sarthak Metals forms the part of Desh Raj Bansal Group, Bhilai and commenced its operations in the year 1997 to manufacture industrial oxygen. Later in the year 2002, the Company diversified its product base by manufacturing cored wires and aluminum flipping coils. They also diversified their business by venturing into manufacturing of wire feeder machines since...
