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Trending stocks: JSW Steel shares jump 4% as Nifty surges

Shares of JSW Steel Ltd. traded 4.08 per cent up in trade at 11:03AM on Wednesday .

ETMarkets.com|
Last Updated: Apr 08, 2020, 11.07 AM IST
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Agencies
JSW Steel agen
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 4.08 per cent up in Wednesday 's trade at 11:03 am (IST).

Around 6885163 shares changed hands on the counter. The stock opened at Rs 155.0 and touched an intraday high and low of Rs 170.75 and Rs 152.15 , 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 .

The company said it is preparing to restart production at all its facilities in the next few days even as its peers, including Tata Steel and SAIL, remain rather circumspect about running their factories at full tilt anytime soon.

Financials
JSW Steel Ltd., incorporated in the year 1994, is a Large Cap company (having a market cap of Rs 38252.51 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 42.332844 per cent stake in the company as of quarter ended 31st Dec 2019 .

Valuation ratio
It quoted a price-to-earnings ratio of 7.54 and price to book value of 1.16 .
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