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JSW Steel is currently trading at Rs. 646.85, up by 4.40 points or 0.68% from its previous closing of Rs. 642.45 on the BSE.

The scrip opened at Rs. 643.60 and has touched a high and low of Rs. 648.55 and Rs. 638.50 respectively. So far 22593 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. 678.00 and Rs. 638.50 respectively. The current market cap of the company is Rs. 155886.55 crore.

The promoters holding in the company stood at 45.02%, while Institutions and Non-Institutions held 20.19% and 34.79% respectively.

JSW Steel group has reported 12% year-on-year (Y-o-Y) growth in its combined steel production at 5.68 million Tonnes (MT) in Q2 FY23 as compared to 5.07 MT in Q2 FY22 and it has reported 3% fall on quarter-on-quarter (Q-o-Q) basis over 5.88 MT in Q1 FY23.

The sequentially drop in production was attributable mainly to extended maintenance shutdowns in JSW Ispat Special Products (JISPL), subdued market conditions in USA and lower capacity utilization in other locations in India due to supply and logistics constraints in sourcing of iron ore and steep decline in export volumes.

The company has reported 36% Y-o-Y growth in steel production (Indian Operations) at 5.57 MT in Q2 FY23 as compared to 4.10 MT in Q2 FY22 and 1% drop on Q-o-Q basis over 5.62 MT in Q1 FY23.

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.