Jindal Stainless moves up on the bourses
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Jindal Stainless is currently trading at Rs. 216.50, up by 4.90 points or 2.32% from its previous closing of Rs. 211.60 on the BSE.
The scrip opened at Rs. 213.45 and has touched a high and low of Rs. 219.50 and Rs. 211.00 respectively. So far 193055 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 219.65 on 21-Jan-2022 and a 52 week low of Rs. 60.30 on 19-Mar-2021.
Last one week high and low of the scrip stood at Rs. 219.50 and Rs. 199.40 respectively. The current market cap of the company is Rs. 10844.39 crore.
The promoters holding in the company stood at 68.60%, while Institutions and Non-Institutions held 22.22% and 9.01% respectively.
Jindal Stainless is planning to raise funds by way of issue of debt securities including secured or unsecured non-convertible redeemable debentures or bonds (listed/unlisted) or any combination thereof, through private placement or any other method in the domestic / international market as may be permitted under the applicable law(s).
These funds will be used to refinance/redeem/repay existing financing arrangements, finance capital expenditure and/or for general corporate purposes including financing of long term working capital and augmentation of cash flows of the Company.
The meeting of the Board of Directors of the Company is scheduled on February 07, 2022, to consider and approve the same.
Jindal Stainless is one of the largest stainless steel conglomerates in India and ranks amongst the top 10 stainless steel conglomerates in the world.
