indal Saw is currently trading at Rs. 184.50, up by 1.50 points or 0.82% from its previous closing of Rs. 183.00 on the BSE.
The scrip opened at Rs. 184.70 and has touched a high and low of Rs. 185.30 and Rs. 184.50 respectively. So far 5,171 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 234.40 on 25-Oct-2010 and a 52 week low of Rs. 170.00 on 26-Nov-2010.
Last one week high and low of the scrip stood at Rs. 194.35 and Rs. 181.05 respectively. The current market cap of the company is Rs. 5054.96 crore.
The promoters holding in the company stood at 46.00% while Institutions and Non-Institutions held 33.84% and 20.16% respectively.
Jindal Saw is in talks to acquire a logistic firm that operates container trains and owns terminals for about Rs 100-150 crore. The deal is likely to be closed in three months, officials stated.
The company is planning to acquire a firm in such a space which has terminals at critical locations. At that level, it would probably become India's only multi-modal logistics company which has its own terminals, its own rail operations and ships.
The company has consistently created value by creating low-cost capacities in capital-intensive industries in businesses largely overlooked by other corporate. Jindal SAW had recently launched its Jindal ITF (infrastructure, transportation, fabrication) subsidiary.
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