Tuesday, 24 June 2014

Jindal Steel strengthens on bagging order to supply long rails to Tata-Aldesa joint venture

Jindal Steel & Power is currently trading at Rs 330.65, up by 4.00 points or 1.22% from its previous closing of Rs 326.65 on the BSE.
The scrip opened at Rs 326.10 and has touched a high and low of Rs 333.00 and Rs. 326.10 respectively. So far 44766 shares were traded on the counter.
The BSE group 'A' stock of face value Rs 1 has touched a 52 week high of Rs 350.00 on 09-Jun-2014 and a 52 week low of Rs 181.55 on 02-Aug-2013.
Last one week high and low of the scrip stood at Rs 329.50 and Rs 310.70 respectively. The current market cap of the company is Rs 30346.77 crore.
The promoters holding in the company stood at 60.41% while Institutions and Non-Institutions held 26.45% and 13.14% respectively.

Moreover, the company has submitted a registration fee of Rs 10 crore for the special freight train operator (SFTO) licence to transport these rails. Further, the steelmaker proposes to operate these rakes from October-November of 2014.

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