JSW Steel gains; key shareholders raise stakes

Shares in JSW Steel gain 1 percent, adding to a surge of 4 percent on Monday after key shareholders raised their stakes in the company, dealers say.

The company on Monday informed the exchanges that promoter group companies JSW Investments Pvt Ltd and JSW Centre raised their stakes in JSW Steel to 5.03 percent from 4.92 percent and to 5.12 percent from 5.03 percent respectively last week.

The stake purchases are seen as signalling promoter confidence in the company and its valuations, dealers say.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • India’s festivals teach us to share our wealth and joy

    India is an aporia in its own true sense.

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Tushar Gandhi

Sustainable model for rural sanitation

Prime minister Narendra Modi has promised to build a toilet ...

Zehra Naqvi

How smells evoke strong memories

Remember that time when a passing fragrance transported you to ...

Dharmendra Khandal

Indian zoos need a fresh approach

Recently, when a man jumped in a tiger trench of ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture