JSW Steel Ltd.

JSW Steel is currently trading at Rs. 274.95, up by 0.80 points or 0.29% from its previous closing of Rs. 274.15 on the BSE.

The scrip opened at Rs. 277.00 and has touched a high and low of Rs. 277.60 and Rs. 273.70 respectively. So far 106664 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 427.30 on 21-Sep-2018 and a 52 week low of Rs. 256.80 on 11-Feb-2019.

Last one week high and low of the scrip stood at Rs. 282.00 and Rs. 261.10 respectively. The current market cap of the company is Rs. 66449.39 crore.

The promoters holding in the company stood at 42.55%, while Institutions and Non-Institutions held 22.73% and 34.72% respectively.

Moody's Investors Service has revised the outlook on JSW Steel to positive from stable, citing improving credit situation. Moody's also affirmed JSW Steel's Ba2 corporate family rating (CFR) and the Ba2 rating on the company's senior unsecured notes.

The positive outlook reflects the improving trajectory of the company's credit metrics mainly due to its competitive and efficient production costs, solid domestic demand conditions and Moody's expectation for a supportive ongoing price environment. It also incorporates expectation that the company will remain selective in any acquisitions, funding them with a prudent mix of debt and equity.

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.