Jindal Steel & Power is currently trading at Rs. 491.85, up by 11.45 points or 2.38% from its previous closing of Rs. 480.40 on the BSE.
The scrip opened at Rs. 489.00 and has touched a high and low of Rs. 501.60 and Rs. 487.00 respectively. So far 518783 shares were traded on the counter.
The BSE group ‘A’ stock of face value Rs. 1 has touched a 52 week high of Rs. 501.60 on 10-May-2021 and a 52 week low of Rs. 84.30 on 12-May-2020.
Last one week high and low of the scrip stood at Rs. 501.60 and Rs. 433.20 respectively. The current market cap of the company is Rs. 50184.79 crore.
The promoters holding in the company stood at 60.47%, while Institutions and Non-Institutions held 27.91% and 11.62% respectively.
Jindal Steel and Power (JSPL) has made a prepayment of Rs 2,462 crore to its term lenders with an aim to become a net debt-free company. The company made a prepayment of Rs 2,462 crore to its term lenders. This is in continuation of its long stated financial strategy of debt reduction and building a robust balance sheet with optimum capital mix.
JSPL is one of India’s fastest growing and largest integrated steel manufacturers, significantly present in Steel, Power Generation and Infrastructure segments and catering to a large part of India’s domestic energy and infrastructure requirement.