New Document top_band
 
Business Standard

Volume Shocker: Jindal Steel & Power

JSPL stock price has seen huge beating, fallen 35% from high of Rs 663 touched on February 17

Read more on:    Metal | Jindal Steel | Jsw Steel
Related News

and Power Limited (JSPL) has soared 8% to Rs 466, its sharpest single day gain in past three months, on back of huge volumes.

As many as a combined 5.02 million shares have already changed hands on the counter so far, against an average 1.6 million shares that were traded daily in past two weeks. The stock opened at Rs 435 and hit a high of Rs 467 on the National Stock Exchange.

JSPL stock price has seen huge beating since Feb-12, fallen 35% from high of Rs 663 touched on February 17. It has underperformed both index as well as BSE-30 index, which declined 17% and 6% respectively.

According to Reuters report, at least two Asian banks have committed to the $150 million five-year term loan for JSPL in general syndication. The company will utilize the funds for refinancing existing debt, working capital and general corporate purposes.

 

Read more on:   
|
|

Read More

Sensex zooms 439 pts on GAAR relief, EU deal

The stock markets surged over two per cent on Friday on heavy buying from foreign investors after the government soothed their nerves by proposing ...

Quick Links

 

Market News

Incentives likely for MF distributors

Regulator working on a proposal for revising the existing commission framework

L&T dips 7% after poor Q1 show

Citi, Deutsche downgrade the stock

Markets rise marginally, pharma players impress

The Sensex gained 0.37% or 96.19 points to 26,087.42, while the broader Nifty ended 0.55% or 42.7 points up at 7,791.40

New tech gives a boost to shrimp farming in Punjab & Haryana

Farmers have now started commercial prawn farming, spread over 20 acres this year

Cashew processors resent lack of government support

Lack of government support has been a dampener for the cashew processors, who are operating on thin margins for being unable to export their ...

Back to Top