JINDAL STAINLESS Share Price Up by 13%; BSE METAL Index Up 3.0%

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JINDAL STAINLESS Share Price Up by 13%; BSE METAL Index Up 3.0%
Wed, 3 Mar 10:39 AM

JINDAL STAINLESS share price has zoomed 13% and is presently trading at Rs 80.

Meanwhile, the BSE METAL Index is at 14,619 (up 3.0%).

Among the top Gainers in the BSE METAL Index today are JINDAL STAINLESS (up 12.8%) and TATA STEEL (up 5.2%).

Over the last one year, JINDAL STAINLESS has moved up from Rs 40 to Rs 80, registering a gain of Rs 40 (up 99.0%).

On the other hand, the BSE METAL has moved up from 8,072 to 14,619, registering a gain of 6,547 points (up 79.8%) during the last 12 months.

The top buzzing stocks among the BSE METAL Index stocks during this same period were HINDALCO (up 137.0%), SAIL (up 131.7%) and JINDAL STEEL & POWER (up 128.1%).

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What About the Benchmark Indices?

The BSE Sensex is at 50,792 (up 1.0%).

The top gainers among the BSE Sensex stocks today are TATA STEEL (up 5.2%), SBI (up 2.4%) and AXIS BANK (up 2.3%). Other gainers include HDFC (up 2.3%) and BAJAJ FINANCE (up 2.2%). The most traded stocks in the BSE Sensex are TATA STEEL and SBI.

In the meantime, NSE Nifty is at 15,071 (up 1.0%). The top gainers in the NSE Nifty include TATA STEEL (up 5.4%), JSW STEEL (up 3.5%) and HINDALCO (up 3.2%). Other gainers include SBI (up 2.7%) and ADANI PORTS & SEZ (up 2.7%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 38,144 to 50,792, registering a gain of 12,648 points (up 33.12%).

JINDAL STAINLESS Financial Update...

JINDAL STAINLESS net profit down at Rs 220 million for the quarter ended March 2020, compared to a loss of Rs 561 million a year ago. Net Sales declined 8.7% to Rs 29.0 billion during the period as against Rs 31.8 billion in January-March 2019.

For the year ended March 2018, JINDAL STAINLESS reported 611.5% increase in net profit to Rs 3.3 billion compared to net profit of Rs 457.0 million during FY17.

Revenue of the company grew 19.1% to Rs 118 billion during FY18.

The current Price to earnings ratio of JINDAL STAINLESS, based on rolling 12 month earnings, stands at 24.8x.

What else is happening in the markets today? Dig in...

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