JSW Steel Ltd.

Short Term Pics

Current Price: 1738

Net profit of JSW Steel rose 5133.60% to Rs 1109.00 crore in the quarter ended June 2016 as against Rs 21.19 crore during the previous quarter ended June 2015. 

Sales rose 2.36% to Rs 11542.38 crore in the quarter ended June 2016 as against Rs 11276.03 crore during the previous quarter ended June 2015.

Steel prices are below the MIP (Minimum Import Price) threshold.

Indian Steel Producers would continue to enjoy protection under MIP. The Government has extended the MIP for steel that it has imposed in february 2016 for six months by another two months to october 4, 2016.

JSW is only steel company which generate strong cash flow.

I think JSW steel benefited most.

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