JSW Steel is currently trading at Rs. 882.10, up by 10.05 points or 1.15% from its previous closing of Rs. 872.05 on the BSE.
The scrip opened at Rs. 873.25 and has touched a high and low of Rs. 886.90 and Rs. 873.25 respectively. So far 18,000 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. 831.60 on 16-Jun-2015.
Last one week high and low of the scrip stood at Rs. 910.00 and Rs. 860.00 respectively. The current market cap of the company is Rs. 21,322.00 crore.
The promoters holding in the company stood at 40.03% while Institutions and Non-Institutions held 23.19% and 36.78% respectively.
JSW Steel is seeking shareholders' approval to raise Rs 4,000 crore through qualified institutional placement (QIP). Proceeds of the issue will be used for capital expenditure and refinancing high-cost debt, besides meeting unlikely shortfall in unforeseen circumstances.
The company has stated that it is in the interest of the company to raise long-term resources with convertible option to optimise capital structure for future growth. The economy is poised for robust growth, backed by strong macroeconomic factors and government’s pro-growth policies.
JSW Steel will be completing its brownfield expansion to reach 18 million tonne per annum capacity by the end of this fiscal. It has a strategic vision to reach 40-mtpa capacity by 2025 with significant investment in mineral resources such as iron ore and coal.
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.
| Company Name | CMP |
|---|---|
| Tata Steel | 212.05 |
| JSW Steel | 1239.90 |
| SAIL | 173.50 |
| Jindal Stainless | 787.90 |
| APL Apollo Tubes | 2105.45 |
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