The prices of steel items in the country have witnessed a fall in the recent months on account of slow growth in the domestic demand and cheap imports, Parliament was informed on Monday. "The prices of steel items in the domestic market have decreased in the recent period due to various reasons like slow growth in the domestic demand and cheap imports etc," Minister of State for Steel and Mines Vishnu Deo Sai said in a written reply to the Lok Sabha. Global agency Moody's had earlier said that steel prices in India are expected to remain under pressure in the current fiscal, but the demand is expected to pick up with an uptick in commercial vehicle sales. Sounding upbeat on the performance of the two major players in the domestic market - Tata Steel and JSW Steel - in this fiscal, it had said that the worst phase for the two is over.
On December 08, 2015, at 13:36 hrs JSW Steel was quoting at Rs 963.95, down Rs 10.6, or 1.09 percent. The 52-week high of the share was Rs 1171.00 and the 52-week low was Rs 801.00. The company's trailing 12-month (TTM) EPS was at Rs 36.21 per share as per the quarter ended September 2015. The stock's price-to-earnings (P/E) ratio was 26.62. The latest book value of the company is Rs 1030.07 per share. At current value, the price-to-book value of the company is 0.94.
Source: http://www.moneycontrol.com/
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