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Jindal Steel & Power is currently trading at Rs. 470.70, up by 10.35 points or 2.25% from its previous closing of Rs. 460.35 on the BSE.
The scrip opened at Rs. 463.00 and has touched a high and low of Rs. 473.90 and Rs. 456.85 respectively. So far 2, 43,000 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 663.40 on 17-Feb-2012 and a 52 week low of Rs. 321.10 on 12-Sep-2012.
Last one week high and low of the scrip stood at Rs. 462.60 and Rs. 412.30 respectively. The current market cap of the company is Rs. 44,002 crore.
The promoters holding in the company stood at 59.02% while Institutions and Non-Institutions held 28.62% and 12.36% respectively.
Jindal Steel and Power (JSPL) is planning to start supplying coal from its Mozambique mine early next year. The company which had been scouting for mines in Mozambique five to six years ago have started mining and now seems to be in position for dispatching coal. Further, the company, which has got coal mining licences in Australia and has acquired mines in South Africa, Mozambique and Botswana, is vying to acquire more coal mines in South Africa and Mozambique.
Uptill now, the company has acquired diamond exploration licences in Congo, coal mining rights in South Africa, Mozambique and Australia, limestone exploration in Madagascar along with copper mining rights in Zambia and Tanzania, among others.
JSPL forms a part of Jindal Group and is a leading player in Steel, Power, Mining, Oil & Gas and Infrastructure. The company produces economical and efficient steel and power through backward integration from its own captive coal and iron-ore mines and passes on the benefits to its customers.
| Company Name | CMP |
|---|---|
| Jindal Steel & Power | 996.60 |
| Jai Balaji Inds | 969.85 |
| Lloyds Metals&Energy | 690.65 |
| Steel Exchange India | 13.49 |
| KIC Metalik | 51.20 |
| View more.. | |
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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