JINDAL STEEL & POWER Share Price Down by 5%; BSE METAL Index Down 0.4%

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JINDAL STEEL & POWER Share Price Down by 5%; BSE METAL Index Down 0.4%
Fri, 21 Aug 03:15 PM

JINDAL STEEL & POWER share price has plunged 5% and is presently trading at Rs 238.

Meanwhile, the BSE METAL Index is at 9,374 (down 0.4%).

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

SAIL (up 1.9%) and VEDANTA LTD (up 1.3%) are among the top gainers today.

Over the last one year, JINDAL STEEL & POWER has moved up from Rs 104 to Rs 238, registering a gain of Rs 134 (up 129.2%)..

The BSE METAL has moved up from 8,752 to 9,374, registering a gain of 622 points (up 7.1%) during the last 12 months.

The top buzzing stocks among the BSE METAL Index stocks during this same period were JINDAL STEEL & POWER (up 114.5%), JSW STEEL (up 25.9%) and SAIL (up 23.0%).

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What About the Benchmark Indices?

The BSE Sensex is at 38,580 (up 0.6%). The top gainers among the BSE Sensex stocks today are NTPC (up 5.2%). The most traded stocks in the BSE Sensex are NTPC and SBI.

In the meantime, NSE Nifty is at 11,418 (up 0.6%). NTPC (up 5.2%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 37,328 to 38,580, registering a gain of 1,252 points (up 3.00%).

JINDAL STEEL & POWER Financial Update...

JINDAL STEEL & POWER net profit declined 239.8% YoY to Rs 3 billion for the quarter ended March 2020, compared to a loss of Rs 2 billion a year ago. Net Sales declined 5.3% to Rs 88.1 billion during the period as against Rs 93.0 billion in January-March 2019.

For the year ended March 2019, JINDAL STEEL & POWER reported 10.0% decrease in net profit to Rs 9.3 billion compared to net profit of Rs 10.4 billion during FY18.

Revenue of the company grew 39.0% to Rs 395 billion during FY19.

The current Price to earnings ratio of JINDAL STEEL & POWER, based on rolling 12 month earnings, stands at down 54.0x.



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