JSW Steel rises on reporting 16% rise in crude steel production in January
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JSW Steel is currently trading at Rs. 725.20, up by 6.30 points or 0.88% from its previous closing of Rs. 718.90 on the BSE.
The scrip opened at Rs. 711.05 and has touched a high and low of Rs. 727.65 and Rs. 711.05 respectively. So far 4210 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. 736.85 and Rs. 706.95 respectively. The current market cap of the company is Rs. 173773.98 crore.
The promoters holding in the company stood at 45.19%, while Institutions and Non-Institutions held 35.89% and 18.92% respectively.
JSW Steel has reported the crude steel production for the month of January, 2023 at 18.91 lakh tonnes, that grew by 15% as against 16.46 lakh tonnes in January 2022 on standalone basis.
The production of rolled products (flat) stood at 14.24 lakh tonnes in January 2023 as compared to 12.47 lakh tonnes in January 2022 i.e. up by 14%. The production of rolled products (long) rose 14% to 4.25 lakh tonnes in January 2023 as against 3.74 lakh tonnes in January 2022.
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.
