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Live Price Coverage: Rohit Ferro-Tech Limited (532731) Rises 4.88% On Dec 20

 

 

Shares of Rohit Ferro-Tech Limited (BOM:532731) last traded at 4.94INR, representing a move of 4.88%, or 0.23INR per share, on volume of 24,749 shares. After opening the trading day at 4.94INR, shares of Rohit Ferro-Tech Limited traded in a close range. Rohit Ferro-Tech Limited currently has a total float of 113.78 million shares and on average sees shares exchange hands each day. The stock now has a 52-week low of 3.45INR and high of 8.5INR.

 

The BSE, founded in 1875, is the oldest stock exchange not just in India but in Asia as well. It is the first entity to get a permanent recognition in India under the Securities Contract Regulation Act of 1956. Presently, it is the 11th biggest stock exchange globally with a total market capitalization of $1.70 trillion as of January 2015. With a speed of six microseconds, the BSE is also one of the fastest stock exchanges globally.

 

The SENSEX 30 is the index monitoring the top 30 stocks on the BSE based on various factors such as liquidity and market capitalization.

 

The BSE first attained a four-digit figure in July 1990. When the Bhartiya Janta Party won the General Elections in October 1999, it first attained the 5,000 mark. The BSE first attained the 10,000 mark in February 2006 and the 20,000 mark in December 2007. When the Global Financial Crisis of 2008 broke out, the BSE had posted its biggest losses, declining more than 2,000 points in just two consecutive trading days in January 2008. Rohit Ferro-Tech Limited is a stock traded on the Indian stock exchange.

 
Nonetheless, the BSE was able to recover from the turmoil. In March 2015, it first attained the 30,000 mark. Shortly after, it had once again posted one of its biggest one-day drop, losing 1,741 points in August 2015. The decline is primarily attributed to the devaluation of yuan. China is the biggest economy in Asia, which is why its economic downturn had a huge dent in the entire equity market of the region.
 

While the BSE is the first stock exchange in Asia, the NSE, founded in 1992, on the other hand, is the stock exchange that introduced electronic trading system in India. Because of its establishment, India had begun embracing and shifting to fully automated stock exchanges that are more efficient, reliable, and convenient. Rohit Ferro-Tech Limited has relatively good liquidity.

 

The NIFTY is the index monitoring the top 50 companies across more than 20 sectors on the NSE based on different factors, particularly market capitalization.

 

India is one of Asia’s leading economies. With its growth prospects and potentials, the growth opportunities seem limitless as well. Consequently, investing in the Indian stock market is highly advised nowadays, given the thriving success of both the BSE and NSE. Professional analysts might be interested how this will affect Rohit Ferro-Tech Limited.

 
Rohit Ferro-Tech Limited is a ferro-alloys manufacturing company. The company has a market cap of $568.30 million. The Firm is engaged in manufacturing of chromium and manganese ferro alloys, such as high carbon ferro chrome , silico manganese (SiMn) and ferro manganese (FeMn) through submerged arc furnace (SAF) route. It has a 0.78 P/E ratio. The Company’s divisions include Ferro Alloys and Minerals, and Iron and Steel.