JSW Steel promoter hikes stake in co to 4.74%

Written By Unknown on Senin, 30 Desember 2013 | 23.26

Dec 30, 2013, 08.28 PM IST

JSW Investments had 4.61 per cent stake or 11,14,55,761 shares in the steel maker before it started buying, the company said in a filing with BSE today.

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JSW Steel promoter hikes stake in co to 4.74%

JSW Investments had 4.61 per cent stake or 11,14,55,761 shares in the steel maker before it started buying, the company said in a filing with BSE today.

Like this story, share it with millions of investors on M3

JSW Steel promoter hikes stake in co to 4.74%

JSW Investments had 4.61 per cent stake or 11,14,55,761 shares in the steel maker before it started buying, the company said in a filing with BSE today.

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JSW Investments, a promoter group firm of JSW Steel , has increased stake in the company by 0.13 percent to 4.74 percent for nearly Rs 32 crore through open market transactions.
JSW Investments had 4.61 per cent stake or 11,14,55,761 shares in the steel maker before it started buying, the company said in a filing with BSE today.

On December 20, it bought 4,132 shares for Rs 13.35 lakh, followed by another 12,000 shares for Rs 1.18 crore on December 23. It again bought 1.35 lakh shares for Rs 13.35 crore on December 24 and 1.69 lakh shares on December 26 for Rs 16.93 crore. Following the transactions, JSW Investments now holds 4.74 per cent stake or 1.13 lakh shares in JSW Steel.

As on September 30, JSW Steel's promoters held 36.25 per cent stake in the firm. Jindal South West Holdings and Jindal Energy Investments have more than five per cent stake in the company. Shares of the company closed at Rs 1,020 apiece, up 1.30 per cent on the BSE today.


JSW Steel stock price

On December 30, 2013, JSW Steel closed at Rs 1022.75, up Rs 15.85, or 1.57 percent. The 52-week high of the share was Rs 1024.90 and the 52-week low was Rs 451.50.


The company's trailing 12-month (TTM) EPS was at Rs 24.43 per share as per the quarter ended September 2013. The stock's price-to-earnings (P/E) ratio was 41.86. The latest book value of the company is Rs 811.51 per share. At current value, the price-to-book value of the company is 1.26.

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