JSW Steel is currently trading at Rs. 561.80, up by 20.85 points or 3.85% from its previous closing of Rs. 540.95 on the BSE.
The scrip opened at Rs. 550.00 and has touched a high and low of Rs. 564.75 and Rs. 549.25 respectively. So far 101204 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. 578.50 and Rs. 521.05 respectively. The current market cap of the company is Rs. 13611.37 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 is likely to export 3 million tonnes (MT) of steel in the current fiscal as spiky plunge in rupee against dollar in last few months has made Indian steel cheaper and competitive. It had exported 1.9 million tonnes and has included new markets like China, Japan, South Korea and US to its export basket in recent times.
The company has reportedly increased prices in the range of Rs 1,500- 2,000 per tonne for its flat products, due to sharp fall in Indian rupee against the US dollar in past two months. The company’s cost of production has been going up due to higher cost of raw materials, especially coal, and the rupee depreciation has made it difficult to absorb the cost escalation.
| Company Name | CMP |
|---|---|
| Tata Steel | 212.05 |
| JSW Steel | 1239.90 |
| SAIL | 173.50 |
| Jindal Stainless | 787.90 |
| APL Apollo Tubes | 2105.45 |
| View more.. | |
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