Jindal Steel up on favourable HC ruling

The stock surged over 6.5 per cent in opening deals.

Mar 27, 2015 03:03 IST India Infoline News Service

Jindal Steel & Power (JSPL) is witnessing fresh buying in early morning deals after the Delhi High Court ruled that the government's decision to cancel the bid of JSPL for two Chhattisgarh coal mines is "prima facie wrong".

The stock bounced back to a high of Rs. 160 - up over 6.5 per cent from the previous close at the opening bell.

The stock is now up 3.3 per cent at Rs. 155. The counter has seen trades of around 142,000 shares as against the two-week daily average volume of around 1.62 million shares.

Meanwhile, the Sensex has gained 156 points at 27,613.

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