Jindal Stainless is currently trading at Rs. 37.45, up by 0.70 points or 1.90% from its previous closing of Rs. 36.75 on the BSE.
The scrip opened at Rs. 38.00 and has touched a high and low of Rs. 38.00 and Rs. 37.30 respectively. So far 200 shares were traded on the counter.
The BSE group ‘A’ stock of face value Rs. 2 has touched a 52 week high of Rs. 47.25 on 10-Jan-2020 and a 52 week low of Rs. 22.30 on 24-Mar-2020.
Last one week high and low of the scrip stood at Rs. 38.55 and Rs. 34.00 respectively. The current market cap of the company is Rs. 1790.59 crore.
The promoters holding in the company stood at 68.12%, while Institutions and Non-Institutions held 20.73% and 11.15% respectively.
Jindal Stainless (JSL) and the integrated container logistics company, Maersk, have joined hands to ease and optimise the flow of containerized exports and imports between JSL, Jajpur and Vizag Container Terminal (VCTPL). As per the terms of the contract, Maersk shall facilitate to and fro rail movement of containers between Vizag and Jindal Stainless Logistics Park (JSLP), a newly commissioned Inland Container Depot (ICD) located at Jajpur, Odisha. The first rake was flagged off on July 24, 2020.
The company’s collaboration with Maersk is a mutual win-win solution as it harnesses volumes on its side and expertise on theirs. This arrangement shall help it strengthen its supply chain and expedite container movement, besides saving costs for it.
Jindal Stainless is one of the largest stainless steel conglomerates in India and ranks amongst the top 10 stainless steel conglomerates in the world.
