JSW Steel Limited (JSWSTEEL.BO)
| Previous close | 886.35 |
| Open | 892.95 |
| Bid | 891.15 x 0 |
| Ask | 891.45 x 0 |
| Day's range | 885.80 - 900.10 |
| 52-week range | 687.70 - 914.85 |
| Volume | |
| Avg. volume | 99,476 |
| Market cap | 2.171T |
| Beta (5Y monthly) | 1.09 |
| PE ratio (TTM) | 19.37 |
| EPS (TTM) | 46.00 |
| Earnings date | 19 Jul 2024 - 23 Jul 2024 |
| Forward dividend & yield | 7.30 (0.80%) |
| Ex-dividend date | 09 Jul 2024 |
| 1y target est | 358.41 |
ReutersJSW Steel sees higher sales, spending in FY25 even as Q4 profit slumps
BENGALURU (Reuters) -India's JSW Steel said on Friday it expected higher sales and spending in the financial year 2025, even as the country's top steelmaker posted a drop in fourth-quarter profit. Consolidated net profit for the three months to March 31 fell nearly 65% year-on-year to 12.99 billion rupees ($155.9 million) on higher costs and softer steel prices. The O.P. Jindal group company reported a sequential fall in profit after logging three straight quarterly gains on the back of strong domestic demand.
- Reuters
India's Centre Court Capital launches $42 million sports, gaming tech fund
Sports technology-focussed fund Centre Court Capital said on Thursday that it has launched a 3.5 billion rupees (around $42 million) venture capital fund that includes investments from the owners of India's JSW Group and billionaire Azim Premji's wealth fund. Centre Court Capital, or CCC, has raised 2 billion rupees so far from athletes and companies including SG Sports, the sports and entertainment arm of steel tubes and pipe-maker APL Apollo, and will back founders bringing innovative tech into sports and the gaming ecosystem, the fund said in a press release. India is home to three gaming unicorns in Game 24X7, Dream11 and Mobile Premier League, besides having the world's second-largest population of gamers.
- Reuters
UPDATE 3-JSW says MG Motor JV aims to sell 1 mln EVs in India by 2030
A JSW Group and MG Motor joint venture aims to have sold 1 million electric vehicles in India by 2030 and to corner a third of the market, a JSW executive said on Wednesday. At a media event in Mumbai to present their new model, the "Cyberster EV" sportscar, the two companies said that the JV plans to initially focus on premium passenger vehicles. Sajjan Jindal, JSW Group Chairman, said the JV plans to launch its first plug-in hybrid car by 2025 and will produce batteries and set up charging infrastructure across India.
