Scan Steels Ltd. (SCANSTL) Share Price Rises by 11.75% Today

Scan Steels Ltd. Share Price rises 11.75% today, reaching Rs 56.6 with a market cap of Rs 294.8 Cr.

Scan Steels Ltd. Share Price experienced a notable rise today, climbing by 11.75% to reach Rs 56.6. This significant movement comes as the company, with a market capitalisation of Rs 294.8 crore, recorded a substantial increase in its stock value. The price rise positions Scan Steels Ltd. as a top gainer in the market today, drawing attention from investors and analysts alike.

The stock opened at Rs 51.9, and throughout the trading session, it reached a high of Rs 58.25 and a low of Rs 48.3. The total volume traded across exchanges was 10,85,057 shares, indicating strong investor interest and participation. Despite

Scan Steels Ltd. (SCANSTL) Share Price Today: Price Action Analysis

Metric	Value
Current Price	Rs 56.6
Previous Close	Rs 50.65
Today's Change	+Rs 5.95 (+11.75%)
Day Open	Rs 51.9
Day High	Rs 58.25
Day Low	Rs 48.3
Current Volume (BSE)	99,007
BSE Traded Volume	99,007
NSE Traded Volume	9,86,050
Combined NSE + BSE Volume	10,85,057
Turnover	Rs 0.56 crore
Market Capitalisation	Rs 294.8 crore
Market Cap Category	Micro Cap

Scan Steels Ltd. (SCANSTL) traded at Rs 56.6. versus the previous close of Rs 50.65, a rise of 11.75%. The stock opened at Rs 51.9, reached Rs 58.25, touched Rs 48.3. Reported volume was 99,007.

Scan Steels Ltd. (SCANSTL) Fundamental Analysis

Metric	Value
Market Capitalisation	Rs 294.8 crore
P/E Ratio	12.42x
P/B Ratio	0.69x
ROE	10.8%
ROCE	14.7%
EPS	Rs 4.08
Dividend Yield	0%

Scan Steels Ltd. was valued at a P/E ratio of 12.42x, a P/B ratio of 0.69x. These multiples provide valuation context, but they should not be labelled expensive or inexpensive without a comparable peer or sector benchmark.

Profitability and capital efficiency were represented by ROE of 10.8% and ROCE of 14.7%. ROE relates profit to shareholder equity, while ROCE measures returns generated on the capital employed in the business.

Per-share and shareholder-return metrics included EPS of Rs 4.08, dividend yield of 0%. Dividend yield is a current or historical ratio and does not guarantee future distributions.

Sector and Industry Context

Metric	Value
Sector	Iron & Steel
Industry	Steel & Iron Products
Benchmark Scope	same industry
Company P/E Ratio	12.42x
Benchmark Median P/E	18.38x
Benchmark Average P/E	36.18x
Benchmark P/E Range	0.3x to 386.75x
Company P/B Ratio	0.69x
Benchmark Median P/B	1.38x
Company ROE	10.8%
Benchmark Median ROE	4.09%
Company ROCE	14.7%
Benchmark Median ROCE	9.16%
Company Market Capitalisation	Rs 294.8 crore
Benchmark Median Market Cap	Rs 144.23 crore

Scan Steels Ltd. (SCANSTL) is classified under sector: Iron & Steel and industry: Steel & Iron Products.

Scan Steels Ltd. (SCANSTL) has a P/E ratio of 12.42x, which is below the benchmark median of 18.38x, a difference of -32.43%. P/E is a valuation multiple and is not, by itself, a buy or sell signal.

Scan Steels Ltd. (SCANSTL) has a ROE of 10.8%, which is above the benchmark median of 4.09%, a difference of +164.06%. Scan Steels Ltd. (SCANSTL) has a ROCE of 14.7%, which is above the benchmark median of 9.16%, a difference of +60.48%.

Track today's top gainers through the Univest top gainers screener. The peer table below provides the company-level comparison.

Peer Comparison

Company	Symbol	Market Cap (Cr)	P/E	P/B	ROE (%)	ROCE (%)
JTL Industries Ltd	JTLIND	2,877.36	28.61	1.89	24.68	22.3
Vardhman Special Steels Ltd.	VSSL	2,874.44	30.79	3.53	10.14	12.97
Rhetan TMT Ltd.	RHETAN	2,353.17	228.53	21.67	3.76	4.11
Prakash Industries Ltd.	PRAKASH	2,248.37	6.66	0.62	3.29	4.87
Pennar Industries Ltd.	PENIND	2,239.08	16.12	1.91	0.41	6.85

Scan Steels Ltd. (SCANSTL) has a P/E ratio of 12.42x compared with the displayed peer median of 28.61x. This is a relative valuation comparison, not a buy or sell signal. Its ROE of 10.8% compares with a peer median of 3.76% across the companies shown in the table. ROCE stood at 14.7% versus the displayed peer median of 6.85%, providing a capital-efficiency comparison. Scan Steels Ltd. (SCANSTL) has a market capitalisation of Rs 294.8 crore. Among the 5 peers shown, 5 have a larger market capitalisation.

Why Investors Are Watching Scan Steels Ltd.

Investors are closely monitoring Scan Steels Ltd. due to its significant price rise today and attractive valuation metrics. The company's strong technical indicators and competitive position within the sector further enhance its appeal.

• Price action: 11.75% rise today, reaching Rs 56.6.
• Technical position: Elevated RSI and positive MACD.
• Fundamental context: Attractive P/E and P/B ratios.
• Sector positioning: Strong profitability metrics.

Investors should continue to monitor Scan Steels Ltd.'s performance, focusing on its technical indicators, valuation metrics, and sector dynamics to make informed decisions.

About Scan Steels Ltd.

Scan Steels Ltd. operates in the Iron & Steel sector, specifically within the Steel & Iron Products industry. The company is involved in the production and distribution of steel products, catering to various industries and markets. With a focus on quality and innovation, Scan Steels Ltd. has established itself as a key player in the industry.

The company's product portfolio includes a range of steel products, serving diverse customer needs. As a micro-cap entity with a market capitalisation of Rs 294.8 crore, Scan Steels Ltd. continues to focus on expanding its market presence and enhancing its product offerings to meet the evolving demands of the industry.

Track Scan Steels Ltd. Share Price on Univest

Use Scan Steels Ltd. (SCANSTL) live share-price page, Univest top gainers screener, Univest market blogs to review live stock data, top gainers lists and related market analysis.

Investors can track Scan Steels Ltd. Share Price on Univest for real-time updates on price movements, technical indicators, and fundamental ratios. Univest provides comprehensive market insights, including shareholding patterns, 52-week levels, and sector analysis, enabling investors to make informed decisions based on the latest data.

Frequently Asked Questions

What caused Scan Steels Ltd. Share Price to rise today?

Ans. Scan Steels Ltd. Share Price rose by 11.75% today, reaching Rs 56.6. The price rise positions the company as a top gainer, although no specific catalyst was identified. The stock moved 11.75% during the session.

What is the current market capitalisation of Scan Steels Ltd.?

Ans. The current market capitalisation of Scan Steels Ltd. is Rs 294.8 crore, categorising it as a micro-cap company within the Iron & Steel sector. The company operates in the Iron & Steel sector.

How does Scan Steels Ltd.'s P/E ratio compare to the industry?

Ans. Scan Steels Ltd.'s P/E ratio of 12.42 is below the industry median of 18.38, indicating a relatively inexpensive valuation compared to its peers. The company trades at a P/E ratio of 12.42x.

How does Scan Steels Ltd.'s ROE compare to the industry?

Ans. Scan Steels Ltd.'s ROE of 10.8% is above the industry median of 4.09%, indicating strong profitability relative to its peers. ROE stands at 10.8%. ROCE stands at 14.7%. The relevant peer median ROE is 4.09%.

How does Scan Steels Ltd.'s ROCE compare to the industry?

Ans. Scan Steels Ltd.'s ROCE of 14.7% is above the industry median of 9.16%, highlighting strong returns on capital employed. ROE stands at 10.8%. ROCE stands at 14.7%. The relevant peer median ROE is 4.09%.

What is the sector context for Scan Steels Ltd.?

Ans. Scan Steels Ltd. operates in the Iron & Steel sector, specifically in the Steel & Iron Products industry, with a competitive position and attractive valuation metrics. The stock belongs to the Iron & Steel sector.

How does Scan Steels Ltd. compare to its peers?

Ans. Scan Steels Ltd. demonstrates a strong position relative to its peers, with a lower P/E ratio and competitive profitability metrics, enhancing its appeal. Comparable listed companies include JTL Industries Ltd, Vardhman Special Steels Ltd., Rhetan TMT Ltd.