JSW Steel shares up 9 percent
Bangalore: After having healthy trading throughout the day, JSW Steel ended the day among top losers with a gain of 
84.10 (8.64 percent). The company had opened the stock at 979 and reached a high of 1061 during the whole day trading. Overall, 727,049 shares were traded throughout the day with current P/E ratio at 14.60. With 447,200 units of shares Franklin India Flexi Cap Fund holds the largest number of shares in JSW Steel. The stock chart for 52-weeks is given on left.
JSW Steel (JSW) is engaged in the production and distribution of iron and steel products. The company, through its subsidiaries, is engaged in acquisition and investment in steel related and steel allied businesses, trading in steel products, steel service center, mining, manufacturing plates, pipes and double jointing, pre-fabricated building systems and technologies, and steel plant. The company operates in two segments: Steel and Power. During the year ended March 31, 2008, the company acquired 100 percent interest in JSW Steel Service Centre (UK) through JSW Steel (UK) and Argent Independent Steel (Holdings). On October 13, 2008, JSW Building Systems (JSWBSL) became a wholly owned subsidiary of the company.
Other steel companies also ended the trading at positive note with Tata Steel, Steel Authority of India and Kalyani Steels gaining 4.88, 4.92 and 4.98 percent, respectively. Out of 29 stock analysts following JSW Steel, the consensus recommendation is outperform, while six analysts asked to hold and one recommended to sell the stock.
84.10 (8.64 percent). The company had opened the stock at 979 and reached a high of 1061 during the whole day trading. Overall, 727,049 shares were traded throughout the day with current P/E ratio at 14.60. With 447,200 units of shares Franklin India Flexi Cap Fund holds the largest number of shares in JSW Steel. The stock chart for 52-weeks is given on left.
JSW Steel (JSW) is engaged in the production and distribution of iron and steel products. The company, through its subsidiaries, is engaged in acquisition and investment in steel related and steel allied businesses, trading in steel products, steel service center, mining, manufacturing plates, pipes and double jointing, pre-fabricated building systems and technologies, and steel plant. The company operates in two segments: Steel and Power. During the year ended March 31, 2008, the company acquired 100 percent interest in JSW Steel Service Centre (UK) through JSW Steel (UK) and Argent Independent Steel (Holdings). On October 13, 2008, JSW Building Systems (JSWBSL) became a wholly owned subsidiary of the company.
Other steel companies also ended the trading at positive note with Tata Steel, Steel Authority of India and Kalyani Steels gaining 4.88, 4.92 and 4.98 percent, respectively. Out of 29 stock analysts following JSW Steel, the consensus recommendation is outperform, while six analysts asked to hold and one recommended to sell the stock.