Jindal Saw gains on trimming stake in Jindal ITF to 51%

04 Sep 2017 Evaluate

Jindal Saw is currently trading at Rs. 97.80, up by 0.70 points or 0.72% from its previous closing of Rs. 97.10 on the BSE.

The scrip opened at Rs. 97.10 and has touched a high and low of Rs. 101.50 and Rs. 95.80 respectively. So far 420402 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 107.80 on 02-Aug-2017 and a 52 week low of Rs. 45.05 on 02-Sep-2016.

Last one week high and low of the scrip stood at Rs. 101.50 and Rs. 90.60 respectively. The current market cap of the company is Rs. 3178.36 crore.

The promoters holding in the company stood at 53.59%, while institutions and non-institutions held 21.06% and 25.35% respectively.

Jindal Saw has transferred 47,65,772 equity shares of Rs 10 each of Jindal ITF (representing 6% of total capital) at book value on August 30, 2017. Accordingly, the holding of the company in Jindal ITF stand reduced from 57% to 51%.

Jindal Saw manufactures and supplies iron and steel pipe products, fittings and accessories with various manufacturing facilities in various countries, including India, the United States, Europe and the United Arab Emirates (UAE).

Jindal Saw Share Price

431.50 7.75 (1.83%)
28-Mar-2024 16:01 View Price Chart
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