{"id":92125,"date":"2023-02-24T13:20:00","date_gmt":"2023-02-24T07:50:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=92125"},"modified":"2023-02-24T14:05:44","modified_gmt":"2023-02-24T08:35:44","slug":"2-multibagger-stocks-to-merge-and-enter-the-league-of-top-10-global-stainless-steel-producers","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/2-multibagger-stocks-to-merge-and-enter-the-league-of-top-10-global-stainless-steel-producers\/","title":{"rendered":"2 Multibagger stocks to merge and enter the league of top 10 global stainless steel producers\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2943508527\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>The shares of Jindal Stainless (Hisar) Limited (JSHL) hit a record high of \u20b9 504.55 apiece as they gained 3.08% on Friday\u2019s early trades. This happened after the company fixed Friday, March 09, 2023, as the record date for the merger of JSHL with Jindal Stainless Limited. The stock surpassed its previous high of \u20b9 494.95 touched on February 03, 2023. Meanwhile, the shares of JSL were also trading near their record high of \u20b9 275.30 apiece at \u20b9 271.45 apiece.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-709413203\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>The swap ratio for the merger of JSHL into JSL is 1:1.95. Therefore, for each share held in JSHL, shareholders will receive 1.95 shares of JSL. The appointed date for the deal was April 01, 2020, and it is likely to conclude in FY2023.&nbsp;<\/p><p>The company said that the rationale behind the merger is that the merged entity JSL, as an Indian MNC, would enter the league of top 10 global stainless steel producers. In addition, it would pave the way for the consolidation of its stainless steel business into one entity with a total capacity of 1.9 million tonnes per annum (mtpa). JSHL said that its merger with JSL will help in the consolidation of complementing strengths with stronger financial positioning.&nbsp;<\/p><p>Both companies have given multibagger returns in the past 6 months. JSL has given multibagger returns of 117.42% as its share price increased from \u20b9 124.85 apiece to \u20b9 271.45 apiece. Therefore, if an investor would have invested \u20b9 1 lakh in the company\u2019s shares six months ago, the value of their holdings would have been \u20b9 2.17 lakhs today!&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-3781006078\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>JSHL has also given multibagger returns of 103.83% in the past six months as its share price increased from \u20b9 245.20 to \u20b9 499.80 apiece. Therefore, if an investor would have invested \u20b9 1 lakh in the company\u2019s shares six months ago, the value of their holdings would have been \u20b9 2.03 lakhs today!&nbsp;<\/p><p><strong>Written by Simran Bafna\u00a0<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-3871791789\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>The shares of Jindal Stainless (Hisar) Limited (JSHL) hit a record high of \u20b9 504.55 apiece as they gained 3.08% on Friday\u2019s early trades. This happened after the company fixed Friday, March 09, 2023, as the record date for the merger of JSHL with Jindal Stainless Limited. The stock surpassed its previous high of \u20b9 [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":20189,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[4865,31],"tags":[],"class_list":["post-92125","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>2 Multibagger stocks to merge and enter the league of top 10 global stainless steel producers\u00a0 - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"Both companies have given multibagger returns in the past 6 months. JSL has given multibagger returns of 117.42% as its share price increased from \u20b9 124.85 apiece to \u20b9 271.45 apiece. Therefore, if an investor would have invested \u20b9 1 lakh in the company\u2019s shares six months ago, the value of their holdings would have been \u20b9 2.17 lakhs today!\u00a0\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/2-multibagger-stocks-to-merge-and-enter-the-league-of-top-10-global-stainless-steel-producers\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"2 Multibagger stocks to merge and enter the league of top 10 global stainless steel producers\u00a0\" \/>\n<meta property=\"og:description\" content=\"Both companies have given multibagger returns in the past 6 months. JSL has given multibagger returns of 117.42% as its share price increased from \u20b9 124.85 apiece to \u20b9 271.45 apiece. Therefore, if an investor would have invested \u20b9 1 lakh in the company\u2019s shares six months ago, the value of their holdings would have been \u20b9 2.17 lakhs today!\u00a0\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/2-multibagger-stocks-to-merge-and-enter-the-league-of-top-10-global-stainless-steel-producers\/\" \/>\n<meta property=\"og:site_name\" content=\"Trade Brains Features\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TradeBrainsOfficial\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-02-24T07:50:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-02-24T08:35:44+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/Steel-1-Cover-Image.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"854\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Trade Brains\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/Steel-1-Cover-Image.jpg\" \/>\n<meta name=\"twitter:creator\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:site\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Trade Brains\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tradebrains.in\/features\/2-multibagger-stocks-to-merge-and-enter-the-league-of-top-10-global-stainless-steel-producers\/\",\"url\":\"https:\/\/tradebrains.in\/features\/2-multibagger-stocks-to-merge-and-enter-the-league-of-top-10-global-stainless-steel-producers\/\",\"name\":\"2 Multibagger stocks to merge and enter the league of top 10 global stainless steel producers\u00a0 - Trade Brains Features\",\"isPartOf\":{\"@id\":\"https:\/\/tradebrains.in\/features\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/tradebrains.in\/features\/2-multibagger-stocks-to-merge-and-enter-the-league-of-top-10-global-stainless-steel-producers\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/tradebrains.in\/features\/2-multibagger-stocks-to-merge-and-enter-the-league-of-top-10-global-stainless-steel-producers\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/Steel-1-Cover-Image.jpg\",\"datePublished\":\"2023-02-24T07:50:00+00:00\",\"dateModified\":\"2023-02-24T08:35:44+00:00\",\"author\":{\"@id\":\"https:\/\/tradebrains.in\/features\/#\/schema\/person\/640937d840c7695c8f8995dd15ae0666\"},\"description\":\"Both companies have given multibagger returns in the past 6 months. JSL has given multibagger returns of 117.42% as its share price increased from \u20b9 124.85 apiece to \u20b9 271.45 apiece. 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