Jindal Stainless spurts on the bourses

04 Sep 2020 Evaluate

Jindal Stainless is currently trading at Rs. 47.45, up by 0.40 points or 0.85% from its previous closing of Rs. 47.05 on the BSE.

The scrip opened at Rs. 45.50 and has touched a high and low of Rs. 48.40 and Rs. 45.45 respectively. So far 45940 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 53.00 on 27-Aug-2020 and a 52 week low of Rs. 22.30 on 24-Mar-2020.

Last one week high and low of the scrip stood at Rs. 49.05 and Rs. 41.50 respectively. The current market cap of the company is Rs. 2321.67 crore.

The promoters holding in the company stood at 68.12%, while Institutions and Non-Institutions held 20.73% and 11.15% respectively.

Credit rating agency -- CARE Ratings has upgraded the rating of the credit facilities of Jindal Stainless to ‘BBB’ with a stable outlook. The previously assigned rating by CARE was that of ‘BBB-’. Given JSL's strong financial and operational profile, the improved rating reflects a resilient business strategy despite interruptions caused due to pandemic over past few months.

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 Share Price

694.90 -8.40 (-1.19%)
28-Mar-2024 16:01 View Price Chart
Peers
Company Name CMP
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Jindal Stainless 694.90
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