JSW Steel advanced 3.74% to Rs 307.80 at 12:15 IST on BSE after the company scheduled a board meeting on 25 July 2018 to consider raising of long term funds.
The announcement was made after market hours yesterday, 18 July 2018.Meanwhile, the S&P BSE Sensex was up 68.70 points, or 0.19% at 36,442.14
On the BSE, 7.45 lakh shares were traded on the counter so far as against the average daily volumes of 1.52 lakh shares in the past two weeks. The stock had hit a high of Rs 310.50 and a low of Rs 294.25 so far during the day. The stock had hit a record high of Rs 346.40 on 7 June 2018 and a 52-week low of Rs 209 on 24 July 2017.
The large-cap company has equity capital of Rs 241.72 crore. Face value per share is Re 1.
JSW Steel said that the company has scheduled a board meeting on 25 July 2018 to consider raising of long term funds through issuance of Redeemable Non-Convertible Debentures by way of a public issuance or private placement.
JSW Steel will declare its Q1 June 2018 result on 25 July 2018. On a consolidated basis, the company's net profit jumped 185.62% to Rs 2879 crore on 22.96% rise in net sales to Rs 20027 crore in Q4 March 2018 over Q4 March 2017.
JSW Steel is the leading integrated steel company in India.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
