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Jindal Stainless is currently trading at Rs. 730.95, up by 11.45 points or 1.59% from its previous closing of Rs. 719.50 on the BSE.

The scrip opened at Rs. 728.95 and has touched a high and low of Rs. 741.10 and Rs. 722.60 respectively. So far 23905 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 848.00 on 09-Jul-2024 and a 52 week low of Rs. 429.00 on 01-Nov-2023.

Last one week high and low of the scrip stood at Rs. 795.00 and Rs. 710.80 respectively. The current market cap of the company is Rs. 60258.94 crore.

The promoters holding in the company stood at 60.49%, while Institutions and Non-Institutions held 28.74% and 10.77% respectively.

Jindal Stainless has supplied stainless steel for the Vande Bharat sleeper coaches. The company has supplied high-strength tempered 301 LN grade austenitic stainless steel for this prestigious government project. The coaches are manufactured by Integral Coach Factory (ICF) and Bharat Earth Movers (BEML). The Vande Bharat sleeper train is designed for overnight journeys covering 800 km to 1,200 km. 

Apart from providing better performance and durability, the tempered 301LN austenitic stainless steel used to manufacture these coaches ensures lower life-cycle costs due to its corrosion resistance characteristics, resulting in long-term reliability. It also enhances passenger safety with its superior crash and fire resistance properties, maintaining the safety standards in railway transport.

With the capability to achieve speeds of up to 160 km/h, these coaches will offer an unparalleled combination of mobility, comfort, and contemporary amenities. The first batch of coaches is scheduled for dispatch from BEML’s Bengaluru plant on September 20, 2024, with an official launch anticipated by December 2024.

Jindal Stainless (JSL) is one of the largest stainless steel conglomerates in India and ranks amongst the top 10 stainless steel conglomerates in the world.