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Jindal Stainless (Hisar) surges as its arm acquires 67% stake in J.S.S. Steelitalia

19 Jan 2021 Evaluate

Jindal Stainless (Hisar) is currently trading at Rs. 147.90, up by 3.00 points or 2.07% from its previous closing of Rs. 144.90 on the BSE.

The scrip opened at Rs. 147.00 and has touched a high and low of Rs. 149.20 and Rs. 147.00 respectively. So far 3530 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 164.80 on 08-Jan-2021 and a 52 week low of Rs. 30.40 on 25-Mar-2020.

Last one week high and low of the scrip stood at Rs. 162.75 and Rs. 143.95 respectively. The current market cap of the company is Rs. 3491.83 crore.

The promoters holding in the company stood at 57.67%, while Institutions and Non-Institutions held 25.00% and 16.97% respectively.

Jindal Stainless’ (Hisar) (JSHL) subsidiary company -- Jindal Stainless Steelway has acquired 1,56,61,128 equity shares of Rs 10, constituting  67% of paid up capital of its associate company namely J.S.S. Steelitalia. Consequent upon the said acquisition, J.S.S. Steelitalia has become wholly owned subsidiary of Jindal Stainless Steelway and step-down subsidiary of the Company.

Jindal Stainless (Hisar) is world's largest producer of Stainless Steel strips for razor blades and India's largest producer of coin blanks, serving the needs of India and International mints.

Jindal Hisar Share Price

560.75 0.00 (0.00%)
08-Mar-2023 18:02 View Price Chart
Peers
Company Name CMP
Tata Steel 212.05
JSW Steel 1239.90
SAIL 173.50
Jindal Stainless 787.90
APL Apollo Tubes 2105.45
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