The CCI reportedly said that the commission did not find ample evidence to support allegation of cartelization.
The CCI reportedly said that the commission did not find ample evidence to support allegation of cartelization.
JSPL’s stock opened higher at Rs. 89.75 as against its previous close of Rs. 81.60. It hit a high and a low of Rs. 94.10 and Rs. 85.90 respectively. So far, total 32.49 lk shares have changed hands on BSE.
According to the report, The case pertains to the government’s decision of cancelling the coal mine bids of JSPL and Balco for four blocks amid reports of speculation of cartelization during auctions. Earlier this year, in February, JSPL had won Gare Palma IV-2 and IV -3 mines in India’s coal auction by quoting Rs.108 per tonne for mine. However, the allocation was cancelled on march 20 March and the mines were placed with Coal India Ltd.
The scrip opened at Rs. 89.75 and has touched a high and low of Rs. 94.1 and Rs. 85.9 respectively. So far 24985279(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 7465.62 crore.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 208 on 20-Feb-2015 and a 52 week low of Rs. 56 on 29-Sep-2015. Last one week high and low of the scrip stood at Rs. 83.6 and Rs. 70.1 respectively.
The promoters holding in the company stood at 61.89 % while Institutions and Non-Institutions held 19.53 % and 18.58 % respectively.
The stock is currently trading below its 200 DMA.
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