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JINDAL STEEL & POWER Plunges by 5%; BSE METAL Index Up 0.3%

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JINDAL STEEL & POWER Plunges by 5%; BSE METAL Index Up 0.3%
Wed, 22 May 09:20 AM

JINDAL STEEL & POWER share price has plunged 5% and is presently trading at Rs 155.

Meanwhile, the BSE METAL Index is at 10,671 (up 0.3%).

Among the top losers in the BSE METAL Index today is JINDAL STEEL & POWER (down 5.0%).

HINDALCO (up 1.5%) and NMDC LTD (up 1.4%) are among the top gainers today.

Over the last one year, JINDAL STEEL & POWER has moved down from Rs 240 to Rs 155, registering a loss of Rs 85 (down 35.5%)..

The BSE METAL has moved down from 13,400 to 10,671, loss of 2,729 points (down 20.4%) during the last 12 months.

The top gainers among the BSE METAL Index stocks during this same period were [param_historic_top3].

What About the Benchmark Indices?

The BSE Sensex is at 39,086 (up 0.3%). The top gainers among the BSE Sensex stocks today are POWER GRID (up 1.6%). The most traded stocks in the BSE Sensex are HDFC and BAJAJ FINANCE.

In the meantime, NSE Nifty is at 11,728 (up 0.2%). IOC (up 1.0%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 34,616 to 39,086, registering a gain of 4,470 points (up 12.9%).

JINDAL STEEL & POWER Financial Update...

JINDAL STEEL & POWER net profit down at Rs 872 million for the quarter ended December 2018, compared to a loss of Rs 4 billion a year ago. Net Sales rose 36.8% to Rs 95.7 billion during the period as against Rs 69.9 billion in October-December 2017.

For the year ended March 2018, JINDAL STEEL & POWER reported 52.2% decrease in net profit to Rs 10.4 billion compared to net profit of Rs 21.7 billion during FY17.

Revenue of the company grew 22.0% to Rs 284 billion during FY18.

The current Price to earnings ratio of JINDAL STEEL & POWER, based on rolling 12 month earnings, stands at down 120.4x.

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