12 Sep 2024

Headline: JSW Steel Sees Slight Increase in Crude Steel Production for August

JSW Steel is witnessing a positive trading trend, with its stock price at Rs. 933.80, marking a rise of 6.95 points or 0.75% from its previous close of Rs. 926.85 on the BSE.

The stock opened at Rs. 938.70 and fluctuated between a high of Rs. 942.60 and a low of Rs. 929.40 during the session. So far, 16,550 shares have been traded.

A part of the BSE's 'A' group, with a face value of Rs. 1, the stock recently hit a 52-week high of Rs. 968.40 on August 26, 2024, and a 52-week low of Rs. 723.15 on November 1, 2023. Over the past week, it ranged between Rs. 948.10 and Rs. 911.55. The company's current market capitalization is Rs. 2,28,050.81 crore.

In terms of ownership, promoters hold a 44.81% stake, while institutions own 36.56% and non-institutional investors control 18.64%.

JSW Steel reported a marginal 1% year-on-year increase in consolidated crude steel production for August 2024, reaching 23.16 lakh tonnes, compared to 22.86 lakh tonnes in August 2023. Production from its Indian operations rose by 2%, reaching 22.49 lakh tonnes in August 2024, up from 22.15 lakh tonnes the previous year. Meanwhile, JSW Steel USA - Ohio reported a crude steel output of 0.67 lakh tonnes for the same period.

JSW Steel is a leading steel producer in India, with facilities in Karnataka and Maharashtra, specializing in crude steel, long steel, and flat steel products.