Advertisement

Jindal Steel and Power shares up nearly 4%; after rise in steel production

06:03 PM Dec 08, 2021 | FPJ Web Desk

Shares of Jindal Steel and Power on Wednesday jumped over 3 per cent after the firm said its steel production increased 10 per cent in November 2021 as compared to the year-ago period.

On BSE, the shares rose 3.67 per cent to end at Rs 381.5 apiece. Intra-day, it was trading at a high of Rs 382.95.

Advertisement
Advertisement

On NSE, the shares settled at Rs 382, a gain of 3.82 per cent over previous close. It was trading at an intra-day high of Rs 383. As per a regulatory filing on Tuesday, the company's steel production in November this year increased 10 per cent year-on-year to 6.74 lakh tonnes as compared to 6.14 lakh tonnes.

Advertisement

However, the sales were lower by 5 per cent at 5.39 lakh tonnes, it added.

(To view our epaper please Read Now. For all the latest News, Mumbai, Entertainment, Cricket, Business and Featured News updates, visit Free Press Journal. Also, follow us on Twitter and Instagram and do like our Facebook page for continuous updates on the go)

Advertisement