JSW Steel gains on reporting 31% rise in crude steel production in May
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JSW Steel is currently trading at Rs. 562.85, up by 1.15 points or 0.20% from its previous closing of Rs. 561.70 on the BSE.
The scrip opened at Rs. 561.70 and has touched a high and low of Rs. 568.55 and Rs. 557.10 respectively. So far 35007 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 789.95 on 19-Apr-2022 and a 52 week low of Rs. 520.10 on 26-May-2022.
Last one week high and low of the scrip stood at Rs. 583.00 and Rs. 555.50 respectively. The current market cap of the company is Rs. 135968.65 crore.
The promoters holding in the company stood at 45.01%, while Institutions and Non-Institutions held 20.03% and 34.95% respectively.
JSW Steel has reported the crude steel production for the month of May, 2022 at 17.89 lakh tonnes, that grew by 31% as against 13.67 lakh tonnes in May 2021 on standalone basis. The production of rolled products (flat) stood at 12.84 lakh tonnes in May 2022 as compared to 9.99 lakh tonnes in May 2021 i.e. up by 29%. The production of rolled products (long) rose 25% to 3.86 lakh tonnes in May 2022 as against 3.09 lakh tonnes in May 2021.
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.
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