JTL Industries gains on incorporating subsidiary
JTL Industries is currently trading at Rs. 75.33, up by 0.41 points or 0.55% from its previous closing of Rs. 74.92 on the BSE.
The scrip opened at Rs. 79.00 and has touched a high and low of Rs. 79.00 and Rs. 74.00 respectively. So far 62025 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 123.50 on 03-Oct-2024 and a 52 week low of Rs. 74.00 on 11-Mar-2025.
Last one week high and low of the scrip stood at Rs. 85.21 and Rs. 74.00 respectively. The current market cap of the company is Rs. 2959.90 crore.
The promoters holding in the company stood at 48.91%, while Institutions and Non-Institutions held 7.22% and 43.88% respectively.
JTL Industries has incorporated a subsidiary company -- JTL Engineering, previously operating as a partnership firm under the name of Nabha Steels & Metals.
The incorporation of subsidiary is in line with the company’s long-term strategy to strengthen its core operations and maximize synergies. This transition solidifies company’s position as a leading player in the steel industry, enhancing its backward integration capabilities and expanding its market reach.
JTL Industries is amongst the fastest growing steel tube manufacturers, with a Registered office located in Chandigarh. The company has manufacturing facilities in Punjab, Maharashtra, and Chhattisgarh.
