SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Jindal Steel and Power’s promoter hikes its stake to 8.42%

20 Feb 2012 Evaluate

Opelina Finance and Investment, one of the promoter company of Jindal Steel and Power has increased its stake in the company by 0.17% to 8.42% for Rs 99.43 crore. Opelina Finance and Investment has picked up the additional stake through open market purchases in two days starting February 16.

Opelina used to hold 7,71,88,960 shares, or 8.25% stake, in JSPL before the transactions and now it has 7,87,33,960 shares, or 8.42% stake, in the company. It bought 7.67 lakh shares on February 16 for Rs 50.05 crore and again forked out Rs 49.38 crore to purchase an additional 7.78 lakh shares. As of December-end, promoters’ stake in JSPL stood at 58.58%.

On consolidated basis, Jindal Steel and Power posted a net profit of Rs 996.68 crore for the quarter ended December 2011, up 6.55% from Rs 935.43 crore in the corresponding year-ago period. Its total income increased by 38.25% to Rs 4,400.26 crore for the quarter under review from Rs 3,182.70 crore for the similar quarter of the previous year.

Jindal Steel Share Price

1253.20 -25.25 (-1.98%)
23-Apr-2026 16:59 View Price Chart
Peers

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:

×