Stocks to Watch today, May 19, 2026: Adani Group stocks, Indian Oil, JSW Steel, Astral, and Lupin are some of the key stocks to watch today
JSW Energy on Monday announced the sale of 2.5 crore equity shares in JSW Steel for Rs 3,150 crore through a bulk deal on the National Stock Exchange of India Ltd on May 18. Post-transaction, the company's balance holding is 4,50,38,350 equity shares of JSW Steel Ltd, a regulatory filing said. According to the filing, the company has divested 2,50,00,000 equity shares (face value Re 1 each) of JSW Steel Ltd through a bulk deal on the National Stock Exchange of India Ltd on May 18, as part of a strategic liquidity release, realising gross proceeds of Rs 3,150 crore. The monetisation of a part of the shareholding in JSW Steel Ltd not only releases capital for pursuing the company's growth strategy but also improves return on capital employed, reinforcing the company's commitment to disciplined capital allocation and long-term value creation for shareholders, it added.
JSW Steel plans to expand capacity to 78 million tonnes in India, banking on strong domestic demand and supply-chain resilience despite global volatility
Company plans to raise India steelmaking capacity to 62 MTPA by FY32 as quarterly revenue and sales hit record highs
JSW Steel on Thursday said its board has approved raising up to Rs 14,000 crore through the issuance of non-convertible debentures and equity shares. The board has also approved the scheme of amalgamation of BMM Ispat with JSW Steel at an enterprise value of Rs 6,400 crore, the company said in a regulatory filing. It said funds will be raised through the issuance of non-convertible debentures with warrants, which are convertible into or exchangeable with equity shares of the company of face value of Re 1 each (the equity shares) at a later date, for an amount not exceeding Rs 7,000 crore, inclusive of such premium as may be decided by the board. Also, the company plans to issue equity shares and/or convertible securities (other than warrants) for an amount not exceeding Rs 7,000 crore, inclusive of such premium as may be decided by the board. In a separate statement, JSW Steel said the board has considered and approved the "Scheme of Amalgamation pursuant to section 230-232 and oth
Q4FY26 company results: Firms including Apollo Tyres, Muthoot Finance, Indian Railway Finance Corporation, and Tata Motors Passenger Vehicles are also to release their January-March earnings today
JSW Steel reported a marginal decline in April crude steel production as operations were impacted by the temporary shutdown of Blast Furnace-3 at Vijayanagar for capacity expansion
Brokerages tracked by Business Standard expect a robust Q4FY26 performance, driven by stronger realisations and steady volumes
L&T has secured its largest domestic metals-sector order from JSW Steel to build critical facilities as the steelmaker expands capacity in Ballari and Paradip
Nifty may remain rangebound in near-term; investors may prefer a calibrated strategy - staying invested while selectively booking profits in overheated stocks, says Ajit Mishra of Religare Broking.
Under the Insolvency and Bankruptcy Code (IBC), financially stressed companies can be taken over by new owners through a resolution process
Goldman Sachs has initiated coverage of Indian metal (steel) stocks as itsees India as the next steel demand driver. It is bullish on Tata Steel, JSW Steel, Shyam Metalics among others
JSW Steel and Japan's JFE Steel form a 50:50 joint venture to expand Odisha's Sambalpur plant by 6 mtpa, strengthening eastern India's steel capacity with a Rs 32,000 crore investment
JSW Steel is set to form a 50:50 joint venture with Japan's JFE Steel for a Rs 32,000 crore expansion of Bhushan Power and Steel in Odisha
Proposed 6 mtpa steel plant in Odisha gains traction as JSW and POSCO partner, aligning with efforts by India and South Korea to deepen trade and industrial cooperation
The proposed 50:50 joint venture will establish a 6 mtpa integrated steel plant, marking POSCO's return to Odisha and reinforcing the state's position as a key hub for large-scale steel investments
JSW Steel board on Friday approved a proposal to sign agreements with South Korea-based POSCO Group to enter into a joint venture to set up a 6 million tonne steel project in India. In an exchange filing, JSW Steel said the joint venture project is proposed to be set up in Odisha. "Board of Directors has approved entering into a Share Subscription and Joint Venture Agreement, with POSCO Co., Ltd and POSCO- India Private Limited (together referred to as "POSCO Group") through which Saffron Resources Private Limited ("Saffron"), a wholly owned subsidiary of the Company would become a 50:50 Joint Venture between the Company and POSCO Group," JSW Steel said. The proposed joint venture would set up a greenfield 6 MTPA integrated steel plant in Odisha, the company said. Saffron possesses 887 acres of land in the state that may be used to set up the proposed plant. JSW Steel said further to share subscription and joint venture agreement, the POSCO Group will subscribe to shares of Saffro
The Nifty Metal index, which tracks 15 companies from the metals and mining sector, plunged 4.71 per cent to hit an intraday low of 10,874 on the NSE
Excluding National Aluminium, 14 of 15 index constituents rose on Friday, with Lloyds Metals & Energy, Tata Steel, JSW Steel, Jindal Steel, and APL Apollo Tubes gaining over 3 per cent each
India's small steel producers have warned of production halts due to gas shortages, Reuters reported earlier