SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

JSW Steel strengthens on plan to buy Bhushan Steel's Odisha steel unit

02 Dec 2014 Evaluate

JSW Steel is currently trading at Rs. 1185.05, up by 14.20 points or 1.21 % from its previous closing of Rs. 1170.85 on the BSE.

The scrip opened at Rs. 1172.00 and has touched a high and low of Rs. 1186.50 and Rs. 1161.25 respectively. So far 38752 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1365.35 on 02-Sep-2014 and a 52 week low of Rs. 805.00 on 14-Feb-2014.

Last one week high and low of the scrip stood at Rs. 1229.90 and Rs. 1166.20 respectively. The current market cap of the company is Rs. 28489.36 crore.

The promoters holding in the company stood at 39.31 % while Institutions and Non-Institutions held 24.14 % and 36.55 % respectively.

JSW Steel is in talks to buy Bhushan Steel's Odisha steel unit and is also looking at buying out promoters' stake in Bhushan invested company, Orissa Sponge. Total enterprise value for the deal is being worked out at Rs 30,000 crores.

Further, this deal will take the total steel making capacity of company close to 20 million tonnes which is the largest by any domestic steel company in the Indian market. JSW Steel is part of the JSW group which, in turn, is a part of the O P Jindal group. JSW Steel is one of the largest steel manufacturing companies in India having units in Karnataka and Maharashtra producing crude steel, long steel and flat steel products.

 

JSW Steel Share Price

1239.90 24.35 (2.00%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Tata Steel 212.05
JSW Steel 1239.90
SAIL 173.50
Jindal Stainless 787.90
APL Apollo Tubes 2105.45
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×