JSW Steel rises on the BSE
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
JSW Steel is currently trading at Rs. 919.00, up by 0.75 points or 0.08% from its previous closing of Rs. 918.25 on the BSE.
The scrip opened at Rs. 928.40 and has touched a high and low of Rs. 928.40 and Rs. 915.40 respectively. So far 27954 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 958.95 on 04-Jul-2024 and a 52 week low of Rs. 723.15 on 01-Nov-2023.
Last one week high and low of the scrip stood at Rs. 928.40 and Rs. 883.65 respectively. The current market cap of the company is Rs. 224272.58 crore.
The promoters holding in the company stood at 44.81%, while Institutions and Non-Institutions held 36.56% and 18.64% respectively.
JSW Steel has received approval for the acquisition of an economic interest of up to 66.67% in M Res NSW HCC (M Res NSW) by way of subscription to non-voting Class B shares, for an investment of $120 million through the company’s’ wholly owned subsidiary JSW Steel (Netherlands) B.V. The terms of the investment require the company to further invest $50 million in M Res NSW to fund its obligation towards the deferred consideration payable in 2030. The Board of Directors of the company at its meeting held on August 12, 2024 has approved the same.
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.
