Jindal Stainless is currently trading at Rs. 74.00, up by 1.15 points or 1.58% from its previous closing of Rs. 72.85 on the BSE.
The scrip opened at Rs. 73.50 and has touched a high and low of Rs. 74.70 and Rs. 73.00 respectively. So far 12556 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 84.00 on 10-Apr-2017 and a 52 week low of Rs. 14.20 on 02-Jun-2016.
Last one week high and low of the scrip stood at Rs. 76.75 and Rs. 70.15 respectively. The current market cap of the company is Rs. 2966.06 crore.
The promoters holding in the company stood at 75.00%, while institutions and non-institutions held 14.32% and 10.46% respectively.
Jindal Stainless has received an approval to raise up to Rs 600 crore via non-convertible debentures (NCDs) on private placement basis. The board of directors at their meeting held on April 27, 2017, has approved for the same.
Jindal Stainless is one of the largest stainless steel conglomerates in India and ranks amongst the top 10 stainless steel conglomerates in the world. Jindal Stainless Group has an annual crude steel capacity of 1.8 MTPA and the group has an annual turnover of Rs 14500 crore.
