JSW Steel shares jump 4%, market cap crosses Rs 2 lakh crore mark. Here’s why

JSW Steel’s shares rose 4.4% as it incorporated JSW Green Steel Ltd for steel product manufacturing. Its market cap surpassed Rs 2 lakh crore, making it the top Nifty gainer. The stock has delivered nearly 23% in the last 12 months, underperforming Nifty50.

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