IT search on JSW Steel Premises

The Income Tax authorities had carried out Survey / Search & seizure operations on JSW Steel Ltd at certain locations on March 16th to 18th 2011. The Company has fully cooperated with the authorities and various statements were recorded during the course of these operations.

The material implications, if any, on the Company are being assessed, which would be announced in due course on completion of the process.

The stock was trading at Rs.871.10, down by Rs.22.20 or 2.49%. The stock hit an intraday high of Rs.902 and low of Rs.870.10.

The total traded quantity was 2.95 lakhs compared to 2 week average of 4.65 lakhs.

Source : Equity Bulls

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