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Uttam Galva rises on stake sale

February 10, 2010

INDIA-STOCKS/

Shares in Uttam Galva rose more than 16 percent after ArcelorMittal said it expects to purchase an additional 4.9 percent stake in the company.

Uttam Galva ended 6.3 percent higher at 112.7 rupees with volumes of over 5 million shares.

So far in the current year, the stock has given a net negative return of over five percent.

Do you think the stock is a good buy at this point in time?

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