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JSW Steel surges on the buzz of raising steel price by 4-6 percent from September 1

22 Aug 2013 Evaluate

JSW Steel is currently trading at Rs. 511.00, up by 14.00 points or 2.82% from its previous closing of Rs. 497.00 on the BSE.

The scrip opened at Rs. 496.00 and has touched a high and low of Rs. 525.00 and Rs. 488.10 respectively. So far 104224 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 893.75 on 29-Jan-2013 and a 52 week low of Rs. 451.50 on 19-Aug-2013.

Last one week high and low of the scrip stood at Rs. 537.00 and Rs. 451.50 respectively. The current market cap of the company is Rs. 12180.37 crore.

The promoters holding in the company stood at 35.83% while Institutions and Non-Institutions held 24.09% and 40.08% respectively.

JSW Steel has reportedly decided to raise steel price by 4-6 percent from September 1 following a steep hike in raw material cost, especially coal. Meanwhile, Iron ore prices have jumped from $129.50 to $144 per tonne at present, while coal prices have moved up from $125 in end June to around $136/tonne. Moreover, the rupee has fallen 16% since January and it has slipped 4.5% since July 1, 2013.

JSW Steel reported monthly crude steel production for the month of July 2013 of its three manufacturing locations - Vijayanagar, Salem and Dolvi together. The crude steel production saw a growth of 47% during July 2013 at 9.91 lakh tonnes as against 6.76 lakh tonnes produced in the corresponding period of the previous year.

JSW Steel Share Price

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