JSW Steel Oct crude steel production up 31%

9 November 2016

JSW Steel has reported crude steel production of 13.35 million ton (MT) in October 2016 with a growth of 31% over the corresponding month in 2015.The production of rolled products (long) increased to 2.79 MT compared to 2.06 MT in October 2016, representing a growth of 36%.The production of rolled products (flat) during the quarter increased to 9.58 MT, a rise of 30%, as compared to 7.34 MT in October 2016.

Stock Commentary:

JSW Steel Ltd is currently trading at Rs 1637.95, up by Rs 37.05 or 2.31% from its previous closing of Rs 1600.9 on the BSE.The scrip opened at Rs 1606 and has touched a high and low of Rs 1638.35 and Rs 1605 respectively. So far 437475 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 38696.95 crore.

The BSE group 'A' stock of face value Rs 10 has touched a 52 week high of Rs 1886.5 on 08-Sep-2016 and a 52 week low of Rs 855.55 on 09-Nov-2015. Last one week high and low of the scrip stood at Rs 1685 and Rs 1566.55 respectively.The promoters holding in the company stood at 41.48% while Institutions and Non-Institutions held 37.54% and 20.49% respectively.