JSW Steel Ltd.

JSW Steel is currently trading at Rs. 704.05, up by 10.15 points or 1.46% from its previous closing of Rs. 693.90 on the BSE.

The scrip opened at Rs. 690.00 and has touched a high and low of Rs. 707.80 and Rs. 690.00 respectively. So far 36560 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. 580.80 on 04-Jun-2012.

Last one week high and low of the scrip stood at Rs. 727.95 and Rs. 680.30 respectively. The current market cap of the company is Rs. 15685.14 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 has accomplished the merger of JSW Ispat Steel with itself and the amalgamation came into effect from June 1. After this merger, JSW Steel has become the second largest steel producer in the country. Shareholders of JSW Ispat will obtain one JSW Steel share for every 72 shares, as per the merger scheme.

The entity’s promoters will now hold a little over 35% stake in the company, post-merger. JSW’s second largest shareholder JFE Steel holdings will now come down to 14.92%. JFE had about 15% stake in JSW Steel till the time of merger announcement in September last year.