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JSW Steel surges on hiking prices by 2% across the board for February

28 Jan 2014 Evaluate

JSW Steel is currently trading at Rs. 925.25, up by 9.95 points or 1.09% from its previous closing of Rs. 915.30 on the BSE.

The scrip opened at Rs. 917.00 and has touched a high and low of Rs. 940.60 and Rs. 917.00 respectively. So far 18513 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1046.75 on 07-Jan-2014 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. 1008.00 and Rs. 909.00 respectively. The current market cap of the company is Rs. 22359.29 crore.

The promoters holding in the company stood at 37.31% while Institutions and Non-Institutions held 23.49% and 39.19% respectively.

JSW Steel has raised prices by up to Rs 1,200 per tonne or up to 2%, across the board for February. The company has increased the prices due to rise in input costs and increasing international rates of steel.

Freight rates for carrying the ore from mine to steel plant have also been rising in recent times and together with low quality ore available in Karnataka market, the costs on sourcing iron ore have risen by about Rs 9,000 per tonne. Moreover, depreciation in Indian rupee against dollar and price differential between international and domestic rates of steel products were also the factors behind the increase.

JSW Steel is part of the JSW group which, in turn, is a part of the O P Jindal group. 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
SAIL 173.50
Jindal Stainless 787.90
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