JINDAL STEEL & POWER Share Price Up by 5%; BSE METAL Index Up 2.7%

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JINDAL STEEL & POWER Share Price Up by 5%; BSE METAL Index Up 2.7%
Tue, 11 Aug 10:49 AM

JINDAL STEEL & POWER share price has zoomed 5% and is presently trading at Rs 212.

Meanwhile, the BSE METAL Index is at 8,795 (up 2.7%).

Among the top Gainers in the BSE METAL Index today are JINDAL STEEL & POWER (up 5.1%) and SAIL (up 6.4%).

Over the last one year, JINDAL STEEL & POWER has moved up from Rs 95 to Rs 212, registering a gain of Rs 117 (up 123.6%).

On the other hand, the BSE METAL has moved up from 8,746 to 8,795, registering a gain of 49 points (up 0.1%) during the last 12 months.

The top buzzing stocks among the BSE METAL Index stocks during this same period were JINDAL STEEL & POWER (up 123.6%), HINDUSTAN ZINC (up 23.9%) and TATA STEEL (up 21.8%).

#1 Small-Cap Stock: Biggest Opportunity in the Indian FMCG Market

What About the Benchmark Indices?

The BSE Sensex is at 38,551 (up 0.8%).

The top gainers among the BSE Sensex stocks today are TATA STEEL (up 3.5%), ITC (up 3.3%) and ASIAN PAINTS (up 2.6%). Other gainers include HDFC (up 2.2%) and AXIS BANK (up 2.2%). The most traded stocks in the BSE Sensex are ITC and ICICI BANK.

In the meantime, NSE Nifty is at 11,374 (up 0.8%). The top gainers in the NSE Nifty include ITC (up 3.9%), ZEE ENTERTAINMENT (up 3.6%) and TATA STEEL (up 3.5%). Other gainers include JSW STEEL (up 3.4%) and HINDALCO (up 2.8%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 36,958 to 38,551, registering a gain of 1,593 points (up 4.15%).

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 51.3x.



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