JSW Steel climbs on reporting 5% rise in consolidated crude steel production in February 2024
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JSW Steel is currently trading at Rs. 829.30, up by 16.55 points or 2.04% from its previous closing of Rs. 812.75 on the BSE.
The scrip opened at Rs. 837.95 and has touched a high and low of Rs. 844.60 and Rs. 820.55 respectively. So far 240497 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 895.60 on 28-Dec-2023 and a 52 week low of Rs. 649.75 on 16-Mar-2023.
Last one week high and low of the scrip stood at Rs. 847.35 and Rs. 800.00 respectively. The current market cap of the company is Rs. 202838.18 crore.
The promoters holding in the company stood at 44.81%, while Institutions and Non-Institutions held 36.32% and 18.87% respectively.
JSW Steel has reported consolidated crude steel production for the month of February 2024 at 21.50 lakh tonnes, grew by 5% Year-on-Year over 20.51 lakh tonnes in February 2023. Capacity utilisation at Indian Operations level stood at 92% for February 2024. The company reported production of 20.59 lakh tonnes from Indian Operations in February 2024 over 19.78 lakh tonnes in February 2023, a growth of 4%.
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.
