Stocks of major companies using nickel as one of the raw material component, have all, without exception appreciated in the last three months mainly due to consistent increase in the steel product prices.
Jindal Strips, largest maker of stainless steel, the main consumer of nickel, went up by over 55 per cent in the same duration to ended the day today at Rs 155.15 from its close of Rs 99.95 on the 11th of November.
Jindal Steel, also up by 37.67 per cent ended the day today at Rs 378.95 from its close three months ago of Rs 275.25.
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Topping the rise was Jindal Iron which has appreciated by a whopping 125.17 per cent from the beginning of November. From its close of Rs 36.35 in the beginning of November, it ended the day today at Rs 81.85, on the Bombay Stock Exchange (BSE).
Bhushan Steel, up by over 28 per cent ended the day today at Rs 33.05, from its close of Rs 25.70 at the beginning of November. National Steel which ended the day to day at Rs 6.80 is up by 15.25 per cent.
Ispat Industries ended the day today at Rs 5.45. It has appreciated by over 25 per cent from its close of Rs 4.35 in the beginning of November. Jai Corporation is up by a a marginal 1.96 per cent from its close of Rs 33, to end the day today at Rs 33.65.