JSW Steel Ltd.

JSW Steel is currently trading at Rs 710.45, up by 22.35 points or 3.25% from its previous closing of Rs 688.10 on the BSE.

The scrip opened at Rs 694.00 and has touched a high and low of Rs 713.60 and Rs 680.00 respectively. So far 211494 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 566.00 on 24-May-2012.

Last one week high and low of the scrip stood at Rs 721.00 and Rs 665.00 respectively. The current market cap of the company is Rs 15844.67 crore.

The promoters holding in the company stood at 38.05% while Institutions and Non-Institutions held 24.67% and 37.28% respectively.

JSW Steel is looking to acquire coal mines in Africa, US and Canada, as it is planning to increase self-sufficiency in feeding its steel plants. In the domestic market, it plans to bid for iron ore mines in Karnataka after Supreme Court lifted the ban. With this initiative, the company aims to have its own raw material and captive mines.

The company has reported a fall of 23.79% in its net profit at Rs 573.23 crore in Q4FY13 as compared to net profit of Rs 752.18 crore in the same quarter previous year. Total income of the company has decreased by 2.59% to Rs 9344.60 crore as compared to Rs 9593.00 crore in corresponding quarter last year.