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JSW Steel trades higher on the BSE

28 May 2024 Evaluate

JSW Steel is currently trading at Rs. 908.00, up by 6.25 points or 0.69% from its previous closing of Rs. 901.75 on the BSE.

The scrip opened at Rs. 902.05 and has touched a high and low of Rs. 915.60 and Rs. 901.35 respectively. So far 103249 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 929.80 on 22-May-2024 and a 52 week low of Rs. 691.50 on 01-Jun-2023.

Last one week high and low of the scrip stood at Rs. 929.80 and Rs. 891.00 respectively. The current market cap of the company is Rs. 222915.36 crore.

The promoters holding in the company stood at 44.81%, while Institutions and Non-Institutions held 36.39% and 18.81% respectively.

JSW Steel through its wholly owned subsidiary, JSW Natural Resources, has executed Quotas Sale Agreement, Assignment of Contractual Position Agreement and other transaction related documents (Transaction Agreements) to acquire 92.19% equity stake and shareholders loans of Minas de Revuboe (MDR). The completion is subject to receipt of regulatory approvals and satisfaction of other conditions precedent as per the Transaction Agreements.

The aggregate purchase consideration for acquisition of 92.19% equity stake and shareholders loans of MDR is $73.75 million subject to closing adjustments. 

Recently, the company received Board of Directors’ approval for the acquisition of upto 100% of Minas de Revuboe.

JSW Steel is one of the largest steel manufacturing companies in India having units in Karnataka and Maharashtra producing crude steel, long steel and flat steel products.


JSW Steel Share Price

1239.90 24.35 (2.00%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Tata Steel 212.05
JSW Steel 1239.90
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