JSW Steel gained 0.59% to Rs 188.70 at 15:15 IST on BSE after the company posted highest ever monthly crude steel production of 1.45 million tonnes in March 2017.
The announcement was made on Sunday, 2 April 2017.Meanwhile, the S&P BSE Sensex was up 288.10 points, or 0.97% to 29,908.60.
On the BSE, 2.85 lakh shares were traded in the counter so far, compared with average daily volumes of 7.97 lakh shares in the past one quarter. The stock had hit a high of Rs 192.25 and a low of Rs 187.10 so far during the day.
The stock had hit a record high of Rs 201.40 on 31 January 2017. The stock had hit a 52-week low of Rs 124 on 5 April 2016.
JSW Steel's crude steel production rose 15% to 1.45 million tonnes in March 2017 over March 2016. The production of flat rolled products rose 16% to 1.05 million tonnes in March 2017 over March 2016. The production of long rolled products fell 4% to 0.27 million tonnes in March 2017 over March 2016.
On a consolidated basis, JSW Steel reported net profit of Rs 730.05 crore in Q3 December 2016 as against net loss of Rs 709.09 crore in Q3 December 2015. Net sales rose 61% to Rs 13797.50 crore in Q3 December 2016 over Q3 December 2015.
JSW Steel is the leading integrated steel company in India.
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