Jindal Stainless is currently trading at Rs. 71.00, up by 0.25 points or 0.35% from its previous closing of Rs. 70.75 on the BSE.
The scrip opened at Rs. 70.60 and has touched a high and low of Rs. 71.45 and Rs. 70.60 respectively. So far 4272 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. 14.75 on 24-Jun-2016.
Last one week high and low of the scrip stood at Rs. 74.25 and Rs. 70.30 respectively. The current market cap of the company is Rs. 3266.28 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 is reportedly planning to establish an incubation centre for agriculture technology (agri-tech) startups. The company will set up the same in collaboration with the Japanese company Future Venture Capital Company. The co-working space for the incubation centre will be located at Jindal Stainless’ office complex at Gurgaon and alongside its office at Bhubaneswar and laboratories across intervention areas.
The incubation centre with the co-working space and international standard laboratory will be a platform to start-ups for networks and collaboration with the Japanese companies through an intensive programme led by experienced mentors.
Jindal Stainless is one of the largest stainless steel conglomerates in India and ranks amongst the top 10 stainless steel conglomerates in the world.
