11 Nov 2025

Jindal Stainless Shares Rise After Board Approves New Wholly-Owned Subsidiary

Jindal Stainless Limited’s stock is trading at RS. 736.25, marking an increase of 13.35 points or 1.85% from its previous close of RS. 722.90 on the BSE.

The stock opened at RS. 738.10 and recorded an intraday high of RS. 754.00 and a low of RS. 731.90. A total of 25,132 shares were traded so far.

The BSE ‘A’ group stock, having a face value of RS. 2, has touched a 52-week high of RS. 825.25 (29-Oct-2025) and a 52-week low of RS. 497.00 (07-Apr-2025). In the past week, the stock’s high and low were RS. 754.00 and RS. 716.00 respectively. The company’s market capitalization currently stands at RS. 60,537.13 crore.

As per the shareholding pattern, promoters hold 61.23%, while institutions and non-institutions hold 28.50% and 10.27% respectively.

In a key corporate development, the Board of Directors has approved the incorporation of a wholly-owned subsidiary to act as a centralized shared services entity. This move aligns with the company’s strategy to manage its expanding operations, increasing business complexity, and multiple group entities efficiently.

The decision was taken during the board meeting held on November 10, 2025.

Jindal Stainless (JSL) is one of India’s largest stainless steel conglomerates and ranks among the top 10 stainless steel producers globally.