Bengaluru, Sept. 9 -- The shares of the largest manufacturer of stainless steel are in focus after the promoter increased its stake in the business, highlighting the promoter's confidence in the company. In this article, we will dive more into the details.

With a market capitalization of Rs 61,824 crore, the shares of Jindal Stainless Ltd made a day high of Rs 753.45, up by 0.65 percent from its previous day closing price of Rs 748.65 per share. Over the past five years, the stock has delivered a multibagger return of 1,554 percent.

About the deal

JSL Overseas Holding Limited, which is part of the promoter group for Jindal Stainless Limited (JSL), has increased its stake in the company by purchasing 11,65,493 equity shares.

Before thi...