JSW Steel surges on the bourses

JSW Steel surges on the bourses

by admin- Wednesday, February 13th, 2019 04:14:42 PM

JSW Steel is currently trading at Rs. 275.50, up by 3.70 points or 1.36% from its previous final of Rs. 271.80 at the BSE.

The scrip opened at Rs. 274.70 and has touched a high and low of Rs. 276.30 and Rs. 269.10 respectively. So a long way 134694 shares have been traded on the counter.

The BSE group ‘A’ inventory of face price Rs. 1 has touched a 52 week high of Rs. 427.30 on 21-Sep-2018 and a fifty two week low of Rs. 256.80 on eleven-Feb-2019.

Last one week high and coffee of the scrip stood at Rs. 282.60 and Rs. 256.Eighty respectively. The cutting-edge marketplace cap of the employer is Rs. 65736.31 crore.

The promoters maintaining within the employer stood at forty two.55%, at the same time as Institutions and Non-Institutions held 22.Seventy three% and 34.72% respectively.

JSW Steel has received a Letter of Intent (LoI) from the Insolvency Resolution Professional (IRP) of Bhushan Power and Steel, asserting it the very best bidder for the confused asset.

Once the organization accepts the LoI, the IRP, in session with the Committee of Creditors (CoC), will region the decision plan earlier than the NCLT for very last approval. The complete process is expected to be completed by way of the primary week of April.

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