Today, JSW Steel fell down at 3.05 per cent to Rs 617.65. On 20 September the Shares of JSW Steel closed at a high of Rs 688.75 and declined 10.32 per cent in six trading sessions. On the Bombay Stock Exchange (BSE), 78,111 shares were traded as compared with daily average volumes of 2.13 lakh shares in the previous two weeks. The stock of JSW Steel hit a high of Rs 632.95 and a low of Rs 617.25.

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On 19 April, 2022, the stock touched a 52-week high of Rs 789.95 and on 26 May, stock hit a 52-week low of Rs 520.1. The stock had underperformed the market over August month down 1.91 per cent as compared with 1.49 per cent fall in the Sensex. The script outperformed the market in June 2022 quarter, up 11.42 per cent as against Sensex’s 7.42 per cent rise. The scrip had outperformed the market in the year 2021 down 1.92 per cent as against Sensex’s 4.94 per cent fall.

The stock, on the daily chart, was trading above its 50-day simple moving average (SMA) at 663.59, 100-day simple moving average (SMA) placed at 675.98 and 200-day simple moving average (SMA) at 670.99.

JSW steel manufacturing unit in Vijayanagar of Karnataka is the largest single location steel-producing facility in India having capacity of 12 MTPA.

The net profit of the company declined 85.81 per cent to Rs 838 crore in Q1 FY23 as against Rs 5,904 crore registered in the Q1 FY22. Also Revenue from operations surged 31.78 per cent to Rs 38,086 crore in June quarter of FY23 compared with Rs 28,902 crore in the June quarter of FY22.