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JSW Steel spurts on reporting 39% rise in crude steel production for January 2012

28 Feb 2012 Evaluate

JSW Steel is currently trading at Rs 768.00, up by 9.50 points or 1.25% from its previous closing of Rs 758.50 on the BSE.

The scrip opened at Rs 756.90 and has touched a high and low of Rs 773.00 and Rs 756.90 respectively. So far 88268 shares were traded on the counter.

The BSE group 'A' stock of face value Rs 10 has touched a 52 week high of Rs 1015.00 on 07-Apr-2011 and a 52 week low of Rs 464.00 on 20-Dec-2011.

Last one week high and low of the scrip stood at Rs 879.20 and Rs 748.00 respectively. The current market cap of the company is Rs 17107.51 crore.

The promoters holding in the company stood at 37.71% while Institutions and Non-Institutions held 25.47% and 35.44% respectively.

JSW Steel’s crude steel production for January 2012 increased by 39% at 8.05 lakh tonnes against 5.80 lakh tonnes in January 2011. 

The company reported 29% increase in production of flat products at 5.95 lakh tonnes in January 2012, compared to 4.62 lakh tonnes in corresponding month last fiscal. Output of long products stood at 1.51 lakh tonne during the month, up 65% against 0.91 lakh tonnes in the same month last fiscal.

The company has reported consolidated net loss of Rs 47.89 crore for the third quarter ended in December due to forex losses, higher raw material costs and the hit taken by group firm JSW Ispat Steel. The company reported a consolidated net profit of Rs 291.72 crore during the October-December quarter in 2010-11. The company’s net sales, however, rose 41% to Rs 8,404.66 crore during Q3 FY12, due to higher revenues from the steel business.

JSW Steel Share Price

1239.90 24.35 (2.00%)
17-Apr-2026 16:59 View Price Chart
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