JINDAL STEEL & POWER Share Price Down by 5%; BSE METAL Index Down 2.9%

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JINDAL STEEL & POWER Share Price Down by 5%; BSE METAL Index Down 2.9%
Fri, 18 Jun 10:06 AM

JINDAL STEEL & POWER share price has plunged 5% and is presently trading at Rs 396.

Meanwhile, the BSE METAL Index is at 18,432 (down 2.9%).

Among the top losers in the BSE METAL Index today are JINDAL STEEL & POWER (down 5.3%) and VEDANTA (down 5.0%).

Over the last one year, JINDAL STEEL & POWER has moved up from Rs 143 to Rs 396, registering a gain of Rs 253 (up 176.5%)..

The BSE METAL has moved up from 7,072 to 18,432, registering a gain of 11,360 points (up 160.6%) during the last 12 months.

The top buzzing stocks among the BSE METAL Index stocks during this same period were SAIL (up 316.3%), JSW STEEL (up 253.5%) and TATA STEEL (up 247.4%).

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What About the Benchmark Indices?

The BSE Sensex is at 52,586 (down 0.4%). The top gainers among the BSE Sensex stocks today are INFOSYS (up 0.4%), HCL TECHNOLOGIES (up 0.1%) and HDFC BANK (up 0.1%). The most traded stocks in the BSE Sensex are INFOSYS and HCL TECHNOLOGIES.

In the meantime, NSE Nifty is at 15,762 (down 0.4%). ADANI PORTS & SEZ (up 0.8%) and DIVIS LABORATORIES (up 0.8%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 33,605 to 52,586, registering a gain of 18,981 points (up 55.07%).

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 90.7x.



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