JSW Steel soars on reporting 7% rise in consolidated crude steel production in May
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JSW Steel is currently trading at Rs. 755.40, up by 8.55 points or 1.14% from its previous closing of Rs. 746.85 on the BSE.
The scrip opened at Rs. 755.00 and has touched a high and low of Rs. 759.95 and Rs. 751.35 respectively. So far 47030 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 783.35 on 02-Jan-2023 and a 52 week low of Rs. 536.30 on 20-Jun-2022.
Last one week high and low of the scrip stood at Rs. 764.00 and Rs. 713.05 respectively. The current market cap of the company is Rs. 182306.77 crore.
The promoters holding in the company stood at 45.40%, while Institutions and Non-Institutions held 36.00% and 18.60% respectively.
JSW Steel has reported the crude steel production for the month of May 2023 at 21.78 lakh tonnes, that grew by 7% as against 20.30 lakh tonnes in May 2022 on consolidated basis. The company reported production of 20.93 lakh tonnes from Indian Operations in May 2023 over 19.82 lakh tonnes in May 2022, a growth of 6%. The company achieved combined (including JSW Ispat Special Products) production of 22.30 lakh tonnes, grew by 8% year-on-year.
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.
