By Admin 
- Shares of Magnus Steel & Infra rose 5% to Rs 202.70.
- The company’s shares became multibagger by increasing 21% in 5 days.
- Tata Motors gets steel order for Gujarat-Maharashtra plant.
- The company will supply hot rolled steel plates to Tata Motors.
Magnus Steel and Infra Share: Even though the domestic stock market is currently witnessing a decline, in the meanwhile one stock is flying like a rocket. Here we are talking about Magnus Steel & Infra Limited.
Today on Tuesday, its share price has reached Rs 202.70 per share with a strong rise of 5 percent. In just 5 days, shares of Magnus Steel & Infra have jumped by 21 percent.
Multibagger made from penny stock
The share price of Magnus Steel & Infra was just Rs 2.77 in May 2022, which increased to its all-time high of Rs 193.05 by May 2024. The company’s share price has increased by 11,123.84 percent in the last 5 years. Its 3 year return has been around 4,106 percent. At the same time, in the last one year, the shares of Magnus Steel & Infra have seen a rise of more than 3,837 percent.
Company received order from Tata Group
Magnus Steel & Infra has received a big order for Tata Motors projects. The company informed this to the stock exchanges on May 11. Under this, steel is to be supplied for the construction and development of infrastructure of Tata Motors’ new automobile manufacturing plants located in Gujarat and Maharashtra.
Magnus Steel is supplying this through RIECO Industries Limited (Pune). This mainly includes hot rolled steel plates, HR sheets and structural steel panels, which will be used in industrial sheds and construction works. The association of a big group like Tata Motors with the company is a big milestone for it. After this news, the company’s shares are continuously trading with 5 percent upper circuit and today reaching Rs 202.70 is the new all-time high record of its shares.
The company has orders worth Rs 32.50 crore in the pipeline. Of these, initial orders worth Rs 8.50 crore have been received, out of which about 1200 metric tonnes of steel has been supplied during March-April 2026. The remaining orders worth Rs 24 crore will be issued in six phases during the financial year 2026-27.
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