JSW Steel trades higher on reporting 11% rise in consolidated crude steel production in Q1FY24
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JSW Steel is currently trading at Rs. 796.40, up by 3.95 points or 0.50% from its previous closing of Rs. 792.45 on the BSE.
The scrip opened at Rs. 804.25 and has touched a high and low of Rs. 804.30 and Rs. 790.00 respectively. So far 51744 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 808.00 on 03-Jul-2023 and a 52 week low of Rs. 541.05 on 06-Jul-2022.
Last one week high and low of the scrip stood at Rs. 808.00 and Rs. 779.65 respectively. The current market cap of the company is Rs. 191613.06 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 first quarter of FY24 (Q1FY24) at 6.43 million tonnes, that grew by 11% as against 5.77 million tonnes in Q1FY23 on consolidated basis. The company reported production of 6.19 million tonnes from Indian Operations in Q1FY24 over 5.62 million tonnes in Q1FY23, a growth of 10%. The company achieved combined (including JSW Ispat Special Products) production of 6.61 million tonnes, grew by 12% 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.
