JSW STEEL Share Price Down by 5%; BSE METAL Index Down 4.0%

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Markets will remain closed on May 13, 2021 on account of Id-Ul-Fitr (Ramzan Id).

JSW STEEL Share Price Down by 5%; BSE METAL Index Down 4.0%
Fri, 22 Jan 03:25 PM

JSW STEEL share price has plunged 5% and is presently trading at Rs 397.

Meanwhile, the BSE METAL Index is at 12,085 (down 4.0%).

Among the top losers in the BSE METAL Index today are JSW STEEL (down 5.1%) and JINDAL STEEL & POWER (down 6.6%).

Over the last one year, JSW STEEL has moved up from Rs 271 to Rs 397, registering a gain of Rs 126 (up 46.5%)..

The BSE METAL has moved up from 10,520 to 12,085, registering a gain of 1,565 points (up 14.9%) during the last 12 months.

The top buzzing stocks among the BSE METAL Index stocks during this same period were JINDAL STEEL & POWER (up 56.9%), JSW STEEL (up 37.5%) and TATA STEEL (up 31.8%).

Learn: How to Potentially Accumulate Rs 7 Crore in Wealth Over the Long-term

What About the Benchmark Indices?

The BSE Sensex is at 49,677 (down 1.5%). The top gainers among the BSE Sensex stocks today are BAJAJ AUTO (up 10.3%), HUL (up 1.8%) and TCS (up 0.9%). Other gainer include BAJAJ FINSERV (up 0.3%). The most traded stocks in the BSE Sensex are BAJAJ AUTO and TCS.

In the meantime, NSE Nifty is at 14,620 (down 1.4%). BAJAJ AUTO (up 10.8%) and HERO MOTOCORP (up 3.6%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 41,529 to 49,677, registering a gain of 8,148 points (up 17.75%).

JSW STEEL Financial Update...

JSW STEEL net profit stood at Rs 15 billion for the quarter ended September 2020, compared to a profit of Rs 2 billion a year ago. Net Sales rose 6.7% to Rs 192.6 billion during the period as against Rs 180.6 billion in July-September 2019.

For the year ended March 2019, JSW STEEL reported 19.2% increase in net profit to Rs 75.5 billion compared to net profit of Rs 63.4 billion during FY18.

Revenue of the company grew 15.8% to Rs 848 billion during FY19.

The current Price to earnings ratio of JSW STEEL, based on rolling 12 month earnings, stands at 61.7x.



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