Jindal Steel and Power shares up nearly 4 pc after increase in steel production

It was trading at an intra-day high of Rs 383. As per a regulatory filing on Tuesday, the companys steel production in November this year increased 10 per cent year-on-year to 6.74 lakh tonnes as compared to 6.14 lakh tonnes.However, the sales were lower by 5 per cent at 5.39 lakh tonnes, it added.

PTI | New Delhi | Updated: 08-12-2021 17:43 IST | Created: 08-12-2021 17:14 IST

Jindal Steel and Power shares up nearly 4 pc after increase in steel production — Representative Image Image Credit: ANI

Country:
India

Shares of Jindal Steel and Power on Wednesday jumped over 3 per cent after the firm said its steel production increased 10 per cent in November 2021 as compared to the year-ago period.

On BSE, the shares rose 3.67 per cent to end at Rs 381.5 apiece. Intra-day, it was trading at a high of Rs 382.95.

On NSE, the shares settled at Rs 382, a gain of 3.82 per cent over previous close. It was trading at an intra-day high of Rs 383. As per a regulatory filing on Tuesday, the company's steel production in November this year increased 10 per cent year-on-year to 6.74 lakh tonnes as compared to 6.14 lakh tonnes.

However, the sales were lower by 5 per cent at 5.39 lakh tonnes, it added.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)