JSW Steel trades in fine fettle on the bourses

JSW Steel Ltd. | Steel & Iron Products | Metals & Mining | BSE: 500228 | NSE: JSWSTEEL

25 Oct 2016 Evaluate

JSW Steel is currently trading at Rs. 1718.00, up by 7.85 points or 0.46% from its previous closing of Rs. 1710.15 on the BSE.

The scrip opened at Rs. 1710.15 and has touched a high and low of Rs. 1729.70 and Rs. 1707.55 respectively. So far 25767 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1886.50 on 08-Sep-2016 and a 52 week low of Rs. 855.55 on 09-Nov-2015.

Last one week high and low of the scrip stood at Rs. 1789.00 and Rs. 1695.00 respectively. The current market cap of the company is Rs. 41552.02 crore.

The promoters holding in the company stood at 41.48%, while institutions and non-institutions held 37.54% and 20.49% respectively.

JSW Steel has decided to partner a consortium of bidders led by state-run Cassa Deposit e Prestiti, for the Ilva plant. This step has been taken nearly two years after shelving plans to acquire Italy’s two biggest steel plants, Ilva and Luchhni SpA by the company.

The Italian government is now willing to offer a minority stake in the 10-mtpa plant to JSW Steel at a valuation below $400 million. JSW Steel will pick up a 15-20 percent stake in the consortium from Turkish steel-maker Erdemir, which backed out just before the bid was placed by the consortium. The world’s largest steel-maker, Luxembourg-based ArcelorMittal, is also leading a consortium to acquire a stake in the troubled Italian steel companies.

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

1231.70 1.30 (0.11%)

29-Jun-2026 16:59 View Price Chart

Peers

Company Name	CMP
Tata Steel	189.60
JSW Steel	1231.70
Steel Authority	175.15
Jindal Stainless	682.50
APL Apollo Tubes	1788.30
View more..

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