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“JSW Steel has entered a share purchase agreement with NSH to purchase its stake in the company at a cost of Rs 8.92 crore. Post acquisition of the stake held by NSH, NSL Green Recycling will become a wholly owned subsidiary of the JSW Steel,” the company said.

JSW Steel gains on buying out NSL Green Recycling from National Steel Holding

Order wins to appointments, here's how these stocks reacted to the company updates at the open on September 22.

Morning Trade Stock Reactions: JSW Steel, IdeaForge, RVNL gain while ICICI Lombard, ICICI Bank slip

Kant also sounded caution on the banking sector, where he sees an uptick in bad loans as the below-par monsoon hit rural incomes. Low corporate demand is also hurting their financials.

Contra view: Pharma overvalued sector now, says Dharmesh Kant

While production of Indian operations jumped 17% to 22.15 lakh  tonnes. Production of JSW Steel USA-Ohio surged 214% to 0.71 lakh tonnes in August 2023 as compared with August 2022. JSW Steel, the flagship business of the diversified JSW Group, is Indias leading integrated steel company.The steel major reported a consolidated net profit of Rs 2,338 crore in Q1 FY24, steeply higher than Rs 838 crore posted in Q1 FY23. Revenue from operations grew by 10.84% year on year to Rs 42,213 crore in the quarter ended 31 March 2023.The scrip fell 0.01% to Rs 819.10 on the BSE.

JSW Steel crude steel production jumps 19% YoY in August 

JSW Steel reported 19% growth in consolidated crude steel production at 22.86 lakh tonnes in month of August 2023 compared to 19.22 lakh tonnes in August 2022. 

JSW Steel records 19% YoY growth in consolidated crude steel production 

There appears to be anticipation that China’s measures and fall in coking coal costs will improve demand for steel, although there is no evidence yet at ground level.

Metal stocks shine in August analysts' tracker report: China's support boosts confidence

The steel maker stated that it has four iron ore mining leases in the state of Odisha which were acquired through auction in 2020.Due to un-economic operation, the company has submitted a notice for surrender of mining lease on 1 September 2023, as per applicable laws, in respect of one mine, namely Jajang Iron Ore Block located in the district of Keonjhar, Odisha, out of the aforesaid four mines. “The proposed surrender of the aforesaid mining lease is subject to approval by the Govt,” the company said in a statement.JSW Steel, the flagship business of the diversified JSW Group, is Indias leading integrated steel company.The steel major reported a consolidated net profit of Rs 2,338 crore in Q1 FY24, steeply higher than Rs 838 crore posted in Q1 FY23. Revenue from operations grew by 10.84% year on year to Rs 42,213 crore in the quarter ended 31 March 2023.The scrip had advanced 3.37% to end at Rs 806.20 on the BSE on Friday.

JSW Steel submits surrender notice for Odisha-based Jajang iron ore block 

Mumbai-based JSW is seeking partners for an offer to acquire a 75% interest in the asset, known as Elk Valley Resources Ltd, sources told Bloomberg.

JSW Steel weighs majority stake in Teck Resources’ coal unit, rivalling Glencore's bid

Short to medium term trend of the Nifty Index seems to be corrective in nature as long as it remains below the 19,795 levels.

Hot Stocks | JSW Steel, KPR Mill, Emami can deliver 11-13% returns in short term

Motilal Oswal recommended Neutral rating on JSW Steel with a target price of Rs 730 in its research report dated July 31, 2023.

Neutral JSW Steel; target of Rs 730: Motilal Oswal

JSW Steel Ltd. is a holding company, which engages in the production, distribution, and trade of iron and steel products. It offers hot rolled and cold rolled coils and sheets; galvanized coils and corrugated sheets; galvalume products; steel doors; and light steel building solutions. It operates and markets through the following brands: Vishwas, Vishwas+, Colouron, Colouron+, Pragati, Neosteel, Galvos, Galveco, Trusteel, and Avante. The company was founded by Om Prakash Jindal on March 15, 1994 and is headquartered in Mumbai, India.

Watchers	3,482
52-Wk Low	614.20
52-Wk High	840.00

Market Cap	1.88T
Volume (M)	3.16M
52-Wk High	840.00
52-Wk Low	614.20

JSWSTEEL.NSE JSW Steel Ltd.

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