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JSW Steel soars on plan to acquire domestic steel companies

22 Nov 2011 Evaluate

JSW Steel is currently trading at Rs. 575.50, up by 7.55 points or 1.33% from its previous closing of Rs. 567.95 on the BSE.

The scrip opened at Rs. 570.25 and has touched a high and low of Rs. 578.00 and Rs. 553.55 respectively. So far 365815 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1254.90 on 22-Nov-2010 and a 52 week low of Rs. 532.05 on 04-Oct-2011.

Last one week high and low of the scrip stood at Rs. 677.35 and Rs. 553.55 respectively. The current market cap of the company is Rs. 12671.94 crore.

The promoters holding in the company stood at 37.71% while Institutions and Non-Institutions held 26.63% and 34.27% respectively.

JSW Steel, in which Japan's JFE Holdings owns about 15%, is eyeing to acquire steel companies in India with capacity for value-added products. The company is looking actively in an effort to boost margins and expand its offerings.

The India's third-largest steelmaker is looking to acquire galvanising and colour-coating steel mills of between 150,000 to 200,000 tonnes capacity. JSW Steel had bought a controlling stake in rival Ispat for Rs 2,475 crore, late last year, expanding its operations and taking its total steelmaking capacity up to 14.3 million tonnes.

JSWSL is part of the JSW group which, in turn, is a part of the O.P. Jindal group. JSWSL 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.

The company’s net profit after tax for the quarter declined 71.46% at Rs 127.12 crore as compared to Rs 445.44 crore for the quarter ended September 30, 2010. However, its net sales has increased 29.12% to Rs 7668.97 crore for the quarter under review from Rs 5939.28 crore for the similar quarter 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
Tata Steel 212.05
JSW Steel 1239.90
SAIL 173.50
Jindal Stainless 787.90
APL Apollo Tubes 2105.45
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