NSE: GALLANTT · 2 November 2026
- Gallantt Ispat Ltd. (GALLANTT) declined sharply today, falling 7.47% to close at ₹516.35 per share. The stock opened at ₹556.65, touched an intraday high of ₹574.70, and slipped to a low of ₹505.10 during the session.
- Gallantt Ispat Limited submitted its unaudited consolidated financial results for the quarter and half-year ended September 30, 2026, to the stock exchanges following a board meeting. The company reported quarterly revenue from operations of ₹1,145.89 crores and a profit after tax of ₹60.51 crores. Statutory auditors M/s Singhi & Co. issued a limited review report on these statements.
- Trading volume was 0.27 times the 20-day average daily volume.
Why is Gallantt Ispat share price falling on 2 November 2026?
Gallantt Ispat Ltd. (GALLANTT) declined sharply today, falling 7.47% to close at ₹516.35 per share. The stock opened at ₹556.65, touched an intraday high of ₹574.70, and slipped to a low of ₹505.10 during the session.
The broader market and sector trend stood in contrast to the stock's downward trajectory. The benchmark Nifty rose 1.68%, while the Nifty Metal sector index gained 3.21%, reflecting positive sectoral momentum that Gallantt Ispat failed to track during the session.
Company disclosures show that Gallantt Ispat previously submitted its unaudited financial results for the quarter and half year ended September 30, 2026, reporting revenue from operations of ₹1,145.89 crores and a profit after tax of ₹60.51 crores. However, no immediate fresh operational catalysts or announcements were released on November 2, 2026, to directly link with today's price drop.
12.00 lakh shares traded by 2 November 2026 · 03:30 PM IST. This compares with a 20-day average daily volume of 44.05 lakh shares (0.27 times). The five-day average daily volume was 8.46 lakh shares. Separately, the NSE report for 2 November 2026 showed 6.23 lakh shares delivered, representing 51.93% of that day’s traded volume. The same report recorded 23,411 trades.
With no new same-day announcements or catalyst events reported, the 7.47% decline appears driven by stock-specific selling pressure and positioning rather than any confirmed fundamental trigger.
Latest Company Developments
Gallantt Ispat Limited submitted its unaudited consolidated financial results for the quarter and half-year ended September 30, 2026, to the stock exchanges following a board meeting. The company reported quarterly revenue from operations of ₹1,145.89 crores and a profit after tax of ₹60.51 crores. Statutory auditors M/s Singhi & Co. issued a limited review report on these statements.
Financial results provide the foundational baseline for evaluating the company's ongoing profitability, margin trajectory, and revenue scale.
In response to a clarification sought by the National Stock Exchange regarding a significant increase in trading volume, Gallantt Ispat stated that the price and volume movement was purely market-driven. The company confirmed it had made all necessary disclosures under regulatory provisions and had not withheld any material information.
It reassures market participants that management is not aware of any undisclosed price-sensitive information influencing trading activity.
The company submitted the combined scrutinizer's report and voting results for its 22nd Annual General Meeting held on September 30, 2026. Shareholders approved the audited financial statements for the financial year ended March 31, 2026, re-appointed directors, and confirmed the final dividend of ₹2 per equity share.
Completes annual corporate governance formalities and confirms shareholder approval for capital distribution and financial adoption.
Gallantt Ispat Limited has submitted to the Exchange, the financial results for the period ended September 30, 2026.
Significant increase in volume has been observed in Gallantt Ispat Limited. The Exchange, in order to ensure that investors have latest relevant information about the company and to inform the market place so that the interest of the investors is safeguarded, had written to the company. Gallantt Ispat Limited has submitted their response.
Ownership & Transaction Activity
Mutual Fund Holdings
Mutual funds held 0.08% on 30 September 2026. This compares with 0.08% on 30 June 2026, a change of +0.00 percentage points.
The filing reported 17 MF/UTI holders.
Historical Bulk / Block Deals
What to Watch Next
- Execution progress on the ₹3,000 crore capital expenditure program and status of ₹652.54 crore spent up to September 30, 2026.
- Operational developments regarding the ongoing development of iron ore mines in Sonbhadra and Rajasthan.
- Future quarterly revenue growth and margin trends across the Gorakhpur and Kutch manufacturing plants.
- Delivery percentage trends and cash volume participation relative to the 20-day average volume.
Other Dated Coverage
More Gallantt Ispat news and dated analysis →
Frequently Asked Questions
What is the latest Gallantt Ispat company news?
Gallantt Ispat Limited submitted its unaudited consolidated financial results for the quarter and half-year ended September 30, 2026, to the stock exchanges following a board meeting. The company reported quarterly revenue from operations of ₹1,145.89 crores and a profit after tax of ₹60.51 crores. Statutory auditors M/s Singhi & Co. issued a limited review report on these statements.
How strong was Gallantt Ispat’s trading volume?
12.00 lakh shares traded, 0.27 times the 20-day average daily volume. The price and volume data are dated 2 November 2026 · 03:30 PM IST.
Do the mutual-fund figures show buying today?
They show holdings on 30 September 2026. Quarterly holdings do not identify purchases made on the article date.
Research & analysis: WittyTrades Research Desk
Reviewed by: Mohanish Sanghavi — SEBI Registered Research Analyst
Disclaimer: Investments in securities markets are subject to market risks. Registration with SEBI and NISM certification do not guarantee performance or returns. This article is for information and education, not personalised investment advice or a recommendation to buy, sell or hold.