Jindal Stainless rises on the bourses
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Jindal Stainless is currently trading at Rs. 201.35, up by 1.80 points or 0.90% from its previous closing of Rs. 199.55 on the BSE.
The scrip opened at Rs. 200.00 and has touched a high and low of Rs. 202.30 and Rs. 196.25 respectively. So far 99387 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. 210.75 and Rs. 185.40 respectively. The current market cap of the company is Rs. 10143.45 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 (JSL) has entered into a pact with the Indian Institute of Technology (Indian School of Mines), Dhanbad, to jointly carry out research and development (R&D) on various projects. With this partnership, JSL envisions to take up research, new product development, environment safety and skill development along with IIT (ISM), Dhanbad.
This memorandum of understanding (MoU) is in line with JSL's efforts to promote industry-institute partnerships and opening collaborative avenues between scholars and industry technocrats for mutual benefit. Both partners will explore research and development opportunities for a plethora of technological frontiers like assessing physiochemical properties and combustion characteristics of coal samples, pelletisation projects, water balancing, soil and geosynthetic studies, among others.
Jindal Stainless is one of the largest stainless steel conglomerates in India and ranks amongst the top 10 stainless steel conglomerates in the world.
