JSW Steel rose 0.50% to Rs 932 at 10:40 IST on BSE after the company reported 28% rise in crude steel production on a pro forma basis to 10.72 lakh tonnes in November 2013 over November 2012.

 

The announcement was made during trading hours today, 9 December 2013.

 

Meanwhile, the BSE Sensex was up 363.46 points, or 1.73%, to 21,359.99.

 

On BSE, 20,000 shares were traded in the counter compared with average volume of 1.66 lakh shares in the past one quarter.

 

The stock hit a high of Rs 947.95 so far during the day, which is also a 52-week high for the counter. The stock hit a low of Rs 929.15 so far during the day. The stock hit a 52-week low of Rs 451.50 on 19 August 2013.

 

The stock had outperformed the market over the past one month till 6 December 2013, rising 7.48% compared with the Sensex's 0.49% rise. The scrip had also outperformed the market in past one quarter, rising 60.01% as against Sensex's 8.96% rise.

 

The large-cap company has an equity capital of Rs 241.72 crore. Face value per share is Rs 10.

 

JSW Steel reported 13% increase in production of flat rolled products to 8.31 lakh tonnes in November 2013 over November 2012.

 

The company reported 14% decline in production of long rolled products to 1.44 lakh tonnes in November 2013 over November 2012.

 

The figures for the corresponding period in the previous year are on a pro forma basis after giving effect to the scheme of amalgamation and arrangement.

 

JSW Steel reported a consolidated net loss of Rs 115.55 crore in Q2 September 2013 as against net profit of Rs 691.25 crore in Q2 September 2012. Gross sales rose 35% to a record Rs 13866 crore in Q2 September 2013 over Q2 September 2012. The company reported a record operating EBITDA (earnings before interest, taxation, depreciation and amortization) of Rs 2348 crore in Q2 September 2013.

 

JSW Steel, belonging to the JSW group, part of the O P Jindal Group, is one of the lowest cost steel producers in the world. The group has diversified interest in mining, carbon steel, power, industrial gases, pon facilities, aluminum, cement and information technology. JSW Steel Limited is engaged in manufacture of ?at and long products viz. H R Coils, CR Coils, Galvanised products, Galvalume products, Colour coated products, auto grade / white goods grade CRCA Steel, Bars and Rods. Incorporated in 1994, it has grown to about US $11 billion in little over fifteen years. JSW Steel Limited is one of the largest producers and exporters of coated flat products in the country with presence in over 100 countries across five continents.