JINDAL STAINLESS Share Price Up by 7%; BSE METAL Index Down 0.3%

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Markets will remain closed on 30th November, 2020 on account of Guru Nanak Jayanti.

JINDAL STAINLESS Share Price Up by 7%; BSE METAL Index Down 0.3%
Mon, 10 Aug 09:49 AM

JINDAL STAINLESS share price has zoomed 7% and is presently trading at Rs 43.

Meanwhile, the BSE METAL Index is at 8,456 (down 0.3%).

Among the top Gainers in the BSE METAL Index today is JINDAL STAINLESS (up 6.9%).

TATA STEEL (down 0.3%) and SAIL (down 0.7%) are among the top losers today.

Over the last one year, JINDAL STAINLESS has moved up from Rs 31 to Rs 43, registering a gain of Rs 12 (up 37.4%).

On the other hand, the BSE METAL has moved down from 8,873 to 8,456, loss of 417 points (down 5.2%) during the last 12 months.

The top buzzing stocks among the BSE METAL Index stocks during this same period were JINDAL STEEL & POWER (up 93.1%), HINDUSTAN ZINC (up 17.3%) and JSW STEEL (up 13.4%).

Discover: India's #1 Defence Stock

What About the Benchmark Indices?

The BSE Sensex is at 38,400 (up 0.9%).

The top gainers among the BSE Sensex stocks today are M&M (up 4.3%), L&T (up 3.6%) and KOTAK MAHINDRA BANK (up 2.3%). Other gainers include SBI (up 2.1%) and BAJAJ FINANCE (up 1.9%). The most traded stocks in the BSE Sensex are SBI and ITC.

In the meantime, NSE Nifty is at 11,326 (up 1.0%). The top gainers in the NSE Nifty include CIPLA (up 4.7%), M&M (up 4.6%) and L&T (up 3.9%). Other gainers include SHREE CEMENT (up 2.7%) and SBI (up 2.3%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 36,690 to 38,400, registering a gain of 1,710 points (up 4.65%).

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 13.2x.



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