Atul Badkar, VP - Institutional Equities - Derivatives Desk at Edelweiss Securities told CNBC-TV18, "From the entire commodities space Sterlite, Hindalco, Tata Steel, JSW, all of them have been underperforming. JSW Steel particularly is short because we have been seeing good amount of short build-up in the stock and from current levels we feel that there could be consolidation and a bit of a pullback in the index."
At 09:51 hrs JSW Steel was quoting at Rs 685.65, up Rs 7, or 1.03 percent. It has touched an intraday high of Rs 686.40 and an intraday low of Rs 681.
The share touched its 52-week high Rs 893.75 and 52-week low Rs 588.45 on 29 January, 2013 and 28 March, 2013, respectively. Currently, it is trading 23.28 percent below its 52-week high and 16.52 percent above its 52-week low. Market capitalisation stands at Rs 15,298.03 crore.
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