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Trending stocks: JSW Steel shares gain 2% in early trade

Shares of JSW Steel Ltd. traded 2.03 per cent up in trade at 10:01AM on Wednesday .

ETMarkets.com|
Last Updated: Apr 15, 2020, 10.05 AM IST
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JSW Steel
The stock quoted a 52-week high of Rs 387.5 and a 52-week low of Rs 133.1 .
NEW DELHI: Shares of JSW Steel traded 2.03 per cent up in Wednesday 's trade at 10:01AM (IST).

Around 2824135 shares changed hands on the counter. The stock opened at Rs 170.0 and touched an intraday high and low of Rs 174.4 and Rs 167.55 , respectively, in the session so far.

The stock quoted a 52-week high of Rs 387.5 and a 52-week low of Rs 133.1 .

Moody's Investors Service said it has placed JSW Steel's ratings under review for downgrade. The ratings outlook has been revised to under review from stable, the global ratings agency said in a statement.

Financials
JSW Steel Ltd., incorporated in the year 1994, is a Large Cap company (having a market cap of Rs 40536.79 Crore) operating in Metals - Ferrous sector.

For the quarter ended 31-12-2019, the company reported a Consolidated sales of Rs 17666.00 Crore, up 2.69 % from last quarter Sales of Rs 17203.00 Crore and down -10.87 % from last year same quarter Sales of Rs 19821.00 Crore. The Company reported net profit after tax of Rs 214.00 Crore in latest quarter.

JSW Steel Ltd. key Products/Revenue Segments include Hot Rolled Coils/Plates/Sheets which contributed Rs 39316.00 Crore to Sales Value (51.24 % of Total Sales), Rolled Product which contributed Rs 16762.00 Crore to Sales Value (21.84 % of Total Sales), Coils (Cold Rolled) which contributed Rs 10603.00 Crore to Sales Value (13.81 % of Total Sales), Others which contributed Rs 2560.00 Crore to Sales Value (3.33 % of Total Sales), Coils & Sheets (Galvanised) which contributed Rs 2527.00 Crore to Sales Value (3.29 % of Total Sales), Other Operating Revenue which contributed Rs 1958.00 Crore to Sales Value (2.55 % of Total Sales), Billets & Blooms which contributed Rs 1728.00 Crore to Sales Value (2.25 % of Total Sales), M S/S S Slabs which contributed Rs 1273.00 Crore to Sales Value (1.65 % of Total Sales)for the year ending 31-Mar-2019.

Promoter holding
Promoters held 42.71302 per cent stake in the company as of quarter ended 31st Dec 2019 .

Valuation ratio
It quoted a price-to-earnings ratio of 7.79 and price to book value of 1.2 .
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