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Steel stocks soar as custom duty exemption on manufacturing of CRGO Steel, Ferrous Scrap to continue

01 Feb 2023 Evaluate

Stocks related to the steel industry were trading higher, as the finance minister announced that the custom duty exemption on manufacturing of Cold Rolled Grain Oriented (CRGO) Steel, Ferrous Scrap will continue.

Jindal Stainless is currently trading at Rs. 270.00, up by 14.95 points or 5.86% from its previous closing of Rs. 255.05 on the BSE.

Tata Steel is currently trading at Rs. 122.65, up by 3.00 points or 2.51% from its previous closing of Rs. 119.65 on the BSE.

JSW Steel is currently trading at Rs. 730.25, up by 13.60 points or 1.90% from its previous closing of Rs. 716.65 on the BSE.

Steel Authority Of India is currently trading at Rs. 91.70, up by 1.10 points or 1.21% from its previous closing of Rs. 90.60 on the BSE.

Peers
Company Name CMP
JSW Steel 1218.90
Tata Steel 172.80
Steel Authority 169.65
Jindal Stainless 710.75
APL Apollo Tubes 2050.00
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