Jindal Stainless is currently trading at Rs. 546.10, up by 2.00 points or 0.37% from its previous closing of Rs. 544.10 on the BSE.
The scrip opened at Rs. 549.20 and has touched a high and low of Rs. 557.45 and Rs. 543.30 respectively. So far 44669 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 569.50 on 15-Dec-2023 and a 52 week low of Rs. 203.20 on 21-Dec-2022.
Last one week high and low of the scrip stood at Rs. 569.50 and Rs. 534.75 respectively. The current market cap of the company is Rs. 44967.76 crore.
The promoters holding in the company stood at 57.94%, while Institutions and Non-Institutions held 28.80% and 12.67% respectively.
Jindal Stainless’ (JSL) board has accorded its consent for acquisition of 100% stake in Rabirun Vinimay (RVPL), a company under liquidation, on a going concern basis, in terms of the applicable provisions of Insolvency and Bankruptcy Code, 2016.
RVPL has potential downstream cold rolling manufacturing capacity of 250 KTPA for wider and thinner segment besides having capacity of 50 KTPA for pipe & tube segment. The Plant is located at Vidyasagar Industrial Park, Kharagpur. West Bengal in 60 acres of land area. The plant is currently under shut down.
The proposed acquisition would complement the management's objective of increasing the cold rolling capabilities of going thinner with wider width to cater auto, large household appliances, lift & elevators, surface critical applications.
Jindal Stainless (JSL) is one of the largest stainless steel conglomerates in India and ranks amongst the top 10 stainless steel conglomerates in the world.
Company Name | CMP |
---|---|
JSW Steel | 882.60 |
Tata Steel | 164.95 |
SAIL | 164.25 |
Jindal Stainless | 708.00 |
APL Apollo Tubes | 1562.00 |
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