Jindal Stainless is currently trading at Rs. 41.65, up by 2.60 points or 6.66% from its previous closing of Rs. 39.05 on the BSE.
The scrip opened at Rs. 39.35 and has touched a high and low of Rs. 42.25 and Rs. 39.30 respectively. So far 187495 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 47.25 on 10-Jan-2020 and a 52 week low of Rs. 26.80 on 22-Aug-2019.
Last one week high and low of the scrip stood at Rs. 42.30 and Rs. 38.85 respectively. The current market cap of the company is Rs. 2039.08 crore.
The promoters holding in the company stood at 68.11%, while Institutions and Non-Institutions held 19.34% and 12.37% respectively.
Jindal Stainless has successfully completed level-2 process automation for its Argon Oxygen Decarburization (AOD) converter at its Jajpur plant in Odisha. The automation process has helped the company achieve 10% improvement in productivity with the help of real-time carbon and temperature analysis during production. This process was completed in a short span of two weeks with Primetals Technologies as the implementation partner. This is the second digital transformation adopted by the company after last year’s migration to SAP BW/4HANA.
AOD process is used worldwide to primarily produce stainless steel and other high-grade alloys. The process filters out carbon and other impurities to achieve better product quality.
Jindal Stainless is one of the largest stainless steel conglomerates in India and ranks amongst the top 10 stainless steel conglomerates in the world.
| Company Name | CMP |
|---|---|
| Tata Steel | 212.05 |
| JSW Steel | 1239.90 |
| SAIL | 173.50 |
| Jindal Stainless | 787.90 |
| APL Apollo Tubes | 2105.45 |
| View more.. | |
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