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JSW Steel Ltd share price jumped 83% this year, leaving three giants behind

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JSW Steel Ltd Share Price. The country’s second private steel company JSW Steel Ltd Share Price has seen an increase of 83 per cent in the last three months and about 57 per cent in a month. The investors who invested money in the company’s shares have left no stone unturned. If we talk about the market cap of the company, then three have increased to Rs. 56000 crores and has crossed Rs. 1.50 crores. In fact, on Thursday, the company’s shares had increased by 12 per cent. After which the company’s shares reached a height of 52 weeks. At the same time, the company’s market cap had also crossed Rs 1.50 lakh crore. Due to this, JSW Steel also surpassed the three major companies of the country in terms of market cap. Let us also tell you how the company grew in the last three months.

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83% increase in three months
On the last day of last year i.e. December 31, the company’s share price closed at Rs 387. On April 8, the company’s share price reached a new high of 52 weeks with Rs 639. That is, during this time, the shares of the company have seen an increase of 83 percent. At the same time, if we talk about the last one month, according to the media report, the shares of the company have seen an increase of 57%. Let us tell you that on Thursday, the shares of the company had increased by 12 per cent.

Company’s market cap crosses Rs 1.5 crore
On the other hand, the company’s market cap has crossed Rs 1.5 lakh crore. According to media reports, when the share price of the company came to Rs 639 at 2 pm, the market cap of the company had come to Rs 1.54 lakh crore. The special thing is that now the steel company has reached the 24th position in terms of market cap. That is, the company has left behind Bajaj Finserv, Sun Pharma and HDFC Life Insurance companies. The company may also figure in the list of top 20 companies in the coming days.

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Increase of more than 56 thousand crores this year
The special thing is that the market cap of the steel company has seen an increase of more than 56 thousand crore rupees this year. Otherwise, on the last day of last year, the company’s market was less than one lakh crore rupees. According to the data, the market cap of the company as on 31 December 2020 was around 93595 crore rupees. Which today is close to 1.5 lakh crores rupees. That is, during this time, the market cap of the company has increased by more than 56 thousand crores.

Why did the stock boom
The company on Thursday informed the stock exchanges that it had produced 4.19 million tonnes of crude steel in the fourth quarter of FY 2020-21, with a sequential growth of 2 per cent. On a year-on-year basis, this increase is 6 percent. The company’s average capacity utilization improved in the fourth quarter from 91 per cent to 93 per cent in the third quarter. The company said that even though there has been an improvement in average capacity utilization from 66 per cent to 93 per cent in Q4 FY21, crude steel production in the first quarter of FY 20120-21 was mainly due to the outbreak of Kovid 19. 6 percent was lower due to disruption.

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Today there is profit booking
Today, there is profit booking in the shares of the company. At 11 am, JSW Steel shares are trading 1.07 per cent lower at Rs 607.75 per share. While the company opened at Rs 619.20 today and touched a day high of Rs 630.85. Currently, the company has a market cap of Rs 1.47 lakh crore.

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