🏭 JSW Steel Ltd (NSE: JSWSTEEL)
Current Share Price: ₹973.00
Day's Range: ₹948.30 – ₹1,037.00
52-Week Range: ₹823.80 – ₹1,074.90
Market Capitalization: ₹2,38,041 Crore
Volume: Approximately 7.46 million shares traded
Key Development: JSW Steel's shares experienced a significant decline of over 6% following the Supreme Court's decision to invalidate its ₹19,700 crore acquisition plan for Bhushan Power and Steel Ltd. The court deemed the resolution plan "illegal" and directed the liquidation of Bhushan Power and Steel, marking a substantial setback for JSW Steel.
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💼 JSW Holdings Ltd (NSE: JSWHL)
Current Share Price: ₹23,800.00
Day's Range: ₹22,300.00 – ₹24,190.00
52-Week Range: ₹6,015.00 – ₹27,740.00
Market Capitalization: ₹26,417 Crore
Volume: Approximately 2,942 shares traded
Performance Overview:
1-Week Change: Down 8.32%
3-Month Change: Up 37.80%
6-Month Change: Up 142.46%
JSW Holdings, primarily an investment and holding company, has shown remarkable growth over the past six months. Despite a recent dip in the past week, the stock's long-term trajectory remains positive.
Conclusion: While JSW Steel faces challenges due to the Supreme Court's
ruling, JSW Holdings continues to demonstrate strong performance in the market. Investors should monitor these developments closely to make informed decisions.