Jindal Stainless rises on the BSE
Jindal Stainless is currently trading at Rs. 191.45, up by 2.05 points or 1.08% from its previous closing of Rs. 189.40 on the BSE.
The scrip opened at Rs. 180.00 and has touched a high and low of Rs. 193.25 and Rs. 175.00 respectively. So far 212213 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 224.60 on 08-Feb-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. 206.30 and Rs. 175.00 respectively. The current market cap of the company is Rs. 9707.26 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 has entered into a pact with the Haryana State Board of Technical Education (HSBTE), Panchkula, to promote technical education in stainless steel technology and its applications. For this, they have agreed to institutionalise stainless steel courses in all polytechnic colleges in Haryana.
As per the partnership, two modules on stainless steel will be launched. One compulsory module will be launched for fourth semester students of mechanical engineering of all government polytechnics in Haryana. This module will be part of the 'materials and metallurgy' subject and will have 10 lectures. This will be institutionalised across all 25 polytechnic colleges in Haryana, benefitting more than 3,000 students every year. The courses are planned to be introduced from March 2022 onwards.
This MoU will pave the way for a series of professional courses for students and equip them with technical exposure on stainless steel applications in the industry.
Jindal Stainless is one of the largest stainless steel conglomerates in India and ranks amongst the top 10 stainless steel conglomerates in the world.