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Jindal Saw moves up on the BSE

05 Jan 2021 Evaluate

Jindal Saw is currently trading at Rs. 81.10, up by 2.95 points or 3.77% from its previous closing of Rs. 78.15 on the BSE.

The scrip opened at Rs. 77.90 and has touched a high and low of Rs. 82.60 and Rs. 76.80 respectively. So far 529838 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 102.70 on 16-Jan-2020 and a 52 week low of Rs. 40.00 on 30-Mar-2020.

Last one week high and low of the scrip stood at Rs. 82.60 and Rs. 75.25 respectively. The current market cap of the company is Rs. 2606.00 crore.

The promoters holding in the company stood at 63.02%, while Institutions and Non-Institutions held 10.24% and 26.73% respectively.

Jindal Saw is planning to raise funds through issuance of Non-convertible Debentures (NCDs) on private placement basis. The meeting of Board of Directors of the Company will be held on January 11, 2021 considered the same.

Jindal Saw became the first company in India to manufacture submerged arc welded (SAW) pipes using the internationally acclaimed U-O-E technology. The product line of the company also includes Large Diameter Pipes, Line Pipes, Ductile Iron (DI) Pipes, seamless tubes etc.

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