JSW Steel trades in green on BSE

JSW Steel is currently trading at Rs. 893.95, up by 14.90 points or 1.70% from its previous closing of Rs. 879.05 on the BSE.

The scrip opened at Rs. 870.05 and has touched a high and low of Rs. 898.00 and Rs. 870.05 respectively. So far 37770 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1271.90 on 18-Nov-2014 and a 52 week low of Rs. 801.00 on 28-Jul-2015.

Last one week high and low of the scrip stood at Rs. 892.95 and Rs. 855.55 respectively. The current market cap of the company is Rs. 21620.83 crore.

The promoters holding in the company stood at 41.45% while Institutions and Non-Institutions held 22.34% and 36.21% respectively.

JSW Steel’s crude steel production in October 2015 declined by 2% and stood at 10.22 lakh tonnes (LT) as compared to 10.46 lakh tonnes in October 2014. The production of rolled products (flat) during the month dropped 11% to 7.34 lakh tonnes as compared to last year’s level of 8.28 lakh tonnes. However, the production of rolled products (long) Increased by 34% to 2.06 lakh tonnes compared to 1.53 lakh tonnes in October last year.

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.