Meanwhile, the BSE Sensex was up 96.97 points, or 0.56% to 17,480.15.

On BSE, 4.21 lakh shares were traded in the counter as against an average daily volume of 3.90 lakh shares in the past one quarter.

The stock hit a high of Rs 1227 and a low of Rs 1205 so far during the day. The stock had hit a 52-week high of Rs 1229.95 on 8 March 2010 and a 52-week low of Rs 177.25 on 16 March 2009.

The large-cap stock had outperformed the market over the past one month till 16 March 2010, gaining 17.31% as compared to the Sensex's 7.13% rise. It had also outperformed the market in the past one quarter, rising 22.36% as compared to the Sensex's return of 2.78%.

The company's equity capital is Rs 187.05 crore. Face value per share is Rs 10.

The current price of Rs 1221.70 discounts the company's Q3 December 2009 annualized EPS of Rs 109.97, by a PE multiple of 11.11.

As per recent reports, United Nations Clean Development Mechanism, the world's second-biggest greenhouse gas market, has allotted 504214 carbon credits to JSW Steel. The additional credits are worth about 5.8 million euros ($7.9 million), reports suggest

JSW Steel's crude steel production rose 69% to 5.02 lakh tonnes in February 2010 over February 2009.

JSW Steel reported net profit of Rs 514.23 crore in Q3 December 2009 compared to net loss of Rs 127.50 crore in Q3 December 2008. Net sales surged 64.7% to Rs 4587.66 crore in Q3 December 2009 over Q3 December 2008.

JSW Steel is among the low-cost steel producers. It currently makes flat and long products at its plant at Bellary district in Karnataka with a capacity of 6.8 million tonne.

Promoters have pledged more than 2.25 crore shares representing 12.05% of the equity capital of the company. The total promoter shareholding in the company is 45.01% (end December 2009).