India's JSW Ispat hits over 2-1/2 month high on strong crude steel production

JSW Ispat Special Products

11/04/2023 10:40

** Shares of JSW Ispat Special Products Ltd  JSWP.NS  rise
as much as 3.5% to 32.3 rupees, hitting their highest since Jan.
19
    ** Steel maker on Monday said Q4 crude steel production up
9% YoY to 0.18 mln tonnes
    ** Crude steel production higher due to restart of all plant
operations in Q3 FY23 - JSWP
    ** Stock posts its biggest intraday pct gain since Feb. 8
    ** Stock trading above its 50-, 100-, and 200-day moving
averages
    ** Trading volume at ~869,900 shares, vs 30-day avg of ~1.1
mln shares as of 2:55 p.m. IST
    ** Up to last close, stock was down 4.4% so far this year

 (Reporting by Biplob Kumar Das in Bengaluru)
 ((Biplobkumar.das@thomsonreuters.com))