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Thread on #UshaMartin 's turnaround story.
After 14 years, in Dec 2022, the steel company's stock finally crossed it's previous all time high of 147 it had hit in 2008, along with unusually high volumes.
After 14 years, in Dec 2022, the steel company's stock finally crossed it's previous all time high of 147 it had hit in 2008, along with unusually high volumes.
Let's roll back a bit.
In 2018, things weren't looking rosy for Usha Martin. They had made a loss for 4 consecutive years.
In 2018, things weren't looking rosy for Usha Martin. They had made a loss for 4 consecutive years.
So what happened?
In 2018, one of the company's promoter and currently Usha Martin's Managing Director, Mr. Rajeev Jhawar, had several disagreements with the board of directors. Eventually, he successfully persuaded them to sell off their steel business.
In 2018, one of the company's promoter and currently Usha Martin's Managing Director, Mr. Rajeev Jhawar, had several disagreements with the board of directors. Eventually, he successfully persuaded them to sell off their steel business.
About -
Usha Martin is a leading global manufacturer of wire ropes. Established in 1960, the organization has grown from strength to strength to establish itself as the market leader with its multi-unit & multi-product portfolio.
Usha Martin is a leading global manufacturer of wire ropes. Established in 1960, the organization has grown from strength to strength to establish itself as the market leader with its multi-unit & multi-product portfolio.
Usha Martin’s wire rope Manufacturing Facilities in Ranchi, Hoshiarpur, Dubai, Bangkok & UK produce the widest range of wire ropes that find application in various industries across the world.
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short 🧵....
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Cont...
#IndocoRem
#LaurusLabs
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#Godavaripower
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#UshaMartin
▶️Alcoholic Bev:
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Cont...
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Cont....
#RUPA
#KRPMills
#Nitinspinner
#SiyaramSilk
#Indocount
#VTL
#Trident
#HimatsinghkaSeide
#Ambicacotton
▶️Logistics:
#AllCargo
#AegisLogistics
▶️Energy:
#GSPL
#GujaratGas
#MGL
▶️Auto Ancillary:
#SSWL
#Banco
#GNAAxels
Cont....
