JSPL hits fresh 52-week high

JSPL hits fresh 52-week high

21/02/2017 12:25

Shares of Jindal Steel & Power Limited (JSPL) continued gaining streak for the fifth straight session and surged 10 per cent, hitting fresh 52-week high, on the Bombay Stock Exchange after the company unveiled plan to optimize assets and reduce debt in the next few years.

Extending previous session rally, shares of company gained as much as 9.98 per cent and touched 52-week high in the intra-day trade to Rs 110.20 apiece on the Bombay Stock Exchange.

In a similar fashion, stocks of company rose 7.69 per cent to Rs 107.85 apiece on the National Stock Exchange.

Meanwhile, the broader benchmark BSE Sensex was trading at 28,634.99, down 26.59 points, or 0.09 per cent, at 12:15 hours.

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