JSW Ispat Special Products rises on reporting 9% growth in crude steel production in Q4FY23

JSW Ispat Special Products is currently trading at Rs. 31.56, up by 0.35 points or 1.12% from its previous closing of Rs. 31.21 on the BSE.

The scrip opened at Rs. 31.50 and has touched a high and low of Rs. 31.63 and Rs. 31.11 respectively. So far 54973 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 39.50 on 11-Apr-2022 and a 52 week low of Rs. 22.20 on 16-Jun-2022.

Last one week high and low of the scrip stood at Rs. 31.71 and Rs. 29.60 respectively. The current market cap of the company is Rs. 1465.46 crore.

The promoters holding in the company stood at 53.17%, while Institutions and Non-Institutions held 9.49% and 37.33% respectively.

JSW Ispat Special Products’ crude steel production stood at 0.18 MT (Million Tonnes) in Q4FY23 as compared to 0.17 MT in Q4FY22, rise by 9% Year on Year basis. In Q3FY23 crude steel production stood at 0.10 MT. The crude steel production for Q4FY23 was higher due to restart of all plant operations of the Company in Q3FY23. However, in FY23, its crude steel production stood at 0.42 MT as compared to 0.58 MT in FY22.

JSW Ispat Special Products manufactures metal products. The company offers sponge iron, steel, and ferro alloys.