JSW Group shares declined up to 4 percent in intra-day trade on Monday after a first information report (FIR) was filed against Chairman Sajjan Jindal by a Mumbai woman, accusing him of rape. However, the chairman of the steel-to-power conglomerate has denied the allegations.
Shares of JSW Energy are up 48 per cent year-to-date. JSW Infrastructure shares soared 94 per cent since listing on October 3. JSW Steel has gained 12 per cent during the same period.
JSW Steel shares tanked 3.62 per cent to hit a low of Rs 836 on BSE. The stock cut most losses as the session progressed. It was later trading at Rs 861.75, down 0.65 per cent.
Shares of JSW Infrastructure surged as much as 8 per cent to Rs 245 on Wednesday, its new record highs, commanding a total market capitalization of more than Rs 51,000 crore mark.
Following the listing, shares of JSW Infra found investors rushing to the street as the JSW Group entity was locked in the upper circuit of 10 per cent at Rs 157.30 apiece.