The price of Jindal Steel and Power Share increased to more than 2% on Wednesday after increasing the stake in the company on Wednesday. Jindal Steel and Power Shares increased by 2.4% 887.90 Apis on BSE.
Jindal Power Limited, a promoter unit Jindal Steel and Power Limited (JSPL), has gained an additional stake in the company, which has increased its shareholding.
On February 28, 2025, Jindal Power bought 4,17,018 equity shares of Jindal Steel and Power Limited, showing a regulatory filing, representing a 0.04% stake in the company.
Prior to this acquisition, promoter Jindal Power organized 1 crore JSPL shares representing the 0.98% stake in the company.
After the recent procurement in Jindal Steel & Power, the total stake of promoter Jindal Power increased to 1,04,17,018 shares or 1.02% stake in the company.
The method of acquiring JSPL shares by the promoter was through the open market, the regulator filing showed.
Jindal Steel and Power shareholding pattern
By December 2024, Jindal Steel and Power Share Holding Pattern showed that its promoter and promoter group placed 62,41,55,874 shares, with 61.19% stake in the company.
Public shareholders organized a total of 38,76,23,544 shares representing 38.00% stake in the company.
JSPL stock price performance
The price of Jindal Steel and Power Share rose 8% in a month, improved the 6% decline during this period improved the benchmark sense. The price of JSPL share has declined by 7% in the last six months, as Sensex falls by 10.5% during this period.
In the last one year, Jindal Steel and Power Stock Price has increased by 7%, while it has made 50% rallies in two years. JSPL shares have given a multibagger return of 472% in five years.
At 11:15 am, Jindal Steel and Power Shares were trading 1.74% more At 882.15 BSE,
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