JSW Steel shines on reporting 25% rise in crude steel production in October
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
JSW Steel is currently trading at Rs. 715.85, up by 14.75 points or 2.10% from its previous closing of Rs. 701.10 on the BSE.
The scrip opened at Rs. 704.05 and has touched a high and low of Rs. 718.40 and Rs. 704.05 respectively. So far 84954 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. 718.40 and Rs. 697.00 respectively. The current market cap of the company is Rs. 172504.94 crore.
The promoters holding in the company stood at 45.19%, while Institutions and Non-Institutions held 20.51% and 34.30% respectively.
JSW Steel has reported the crude steel production for the month of October, 2022 at 17.76 lakh tonnes, that grew by 25% as against 14.25 lakh tonnes in October 2021 on standalone basis. The production of rolled products (flat) stood at 13.61 lakh tonnes in October 2022 as compared to 10.45 lakh tonnes in October 2021 i.e. up by 30%. The production of rolled products (long) rose 11% to 3.70 lakh tonnes in October 2022 as against 3.34 lakh tonnes in October 2021. The capacity utilisation improved to 93% in October 2022 from 89% in September 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.
