Godawari Power and Ispat shares hit record high after biggest single-day gain in six months

Shares of Godawari Power and Ispat Ltd. gained over 10% on Monday, September 15, enroute to their all-time high.

The stock on Monday reported its biggest single-day gain since March 2025.

Shares have gained in three out of the last four trade sessions.

As of closing of trade, as many as 4.5 crore shares changed hands, higher than the 20-day average of 44 lakh shares, marking the highest volumes since June 2023, when over 6 crore shares had changed hands.

The stock has risen 33% this year, so far, having delivered positive annual returns every year since 2019.

Godawari Power reported its first quarter earnings last month. Its net profit slipped 24.4% to ₹216 crore from ₹286 crore in the previous year. Its revenue declined 2% to 1,345 crore, earnings before interest, taxes, depreciation and amortisation (EBITDA) was down 20.8% at ₹346 crore from ₹437.2 crore in the previous fiscal.

The company's EBITDA margin contracted to 25.7% from 31.8% in the year-ago period.

Godawari Power and Ispat achieved 25% of its FY26 production volume guidance for rolled products and 30% for ferro alloys by the end of the June quarter. For the remaining product categories, it is at 20-23% of their respective annual targets.

The stock was trading with gains of 10.5% at ₹269.7, having made an intraday record high of ₹275.

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