update

JSW Steel gains on turning black in Q1.

       India largest company JSW Steel has reported a net profit of Rs 801.37 crore as compared to net loss of Rs 220.76 crore for the quarter ended June 30, 2013. Its total income has increased by 23.48% to Rs 11644.34 crore for the quarter under review from Rs 9430.41 crore for the corresponding quarter of the previous year.

       On the consolidated basis, the company has reported net profit after taxes, minority interest and share of profit / (loss) of associates of Rs 656.49 crore for the quarter as compared to net loss of Rs 381.82 crore for the same quarter in the previous year. Its total income has increased by 29.33% at Rs 13307.74 crore for quarter under review as compared to Rs 10289.80 crore for the quarter ended June 30, 2013.

       The promoters holding in the company stood at 38.54% while Institutions and Non-Institutions held 24.60% and 36.86% respectively.

       The BSE group 'A' stock of face value Rs 10 has touched a 52 week high of Rs 1324.50 on 11-Jun-2014 and a 52 week low of Rs 451.50 on 19-Aug-2013.

       

Last one week high and low of the scrip stood at Rs 1209.00 and Rs 1149.00 respectively. The current market cap of the company is Rs 28378.17 crore.

       

The scrip opened at Rs 1190.00 and has touched a high and low of Rs 1191.90 and Rs 1168.00 respectively. So far 42325 shares were traded on the counter.

       

JSW Steel is currently trading at Rs 1179.95, up by 6.00 points or 0.51% from its previous closing of Rs 1173.95 on the BSE.