JSW STEEL Surges by 6%; BSE METAL Index Up 3.9%

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JSW STEEL Surges by 6%; BSE METAL Index Up 3.9%
Mon, 20 May 10:34 AM

JSW STEEL share price has zoomed 6% and is presently trading at Rs 293.

Meanwhile, the BSE METAL Index is at 10,902 (up 3.9%).

Among the top Gainers in the BSE METAL Index today are JSW STEEL (up 5.6%) and JINDAL STEEL & POWER (up 6.7%).

Over the last one year, JSW STEEL has moved down from Rs 332 to Rs 293, registering a loss of Rs 40 (down 12.2%).

On the other hand, the BSE METAL has moved down from 13,945 to 10,902, loss of 3,043 points (down 22.1%) during the last 12 months.

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

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What About the Benchmark Indices?

The BSE Sensex is at 38,910 (up 2.4%).

The top gainers among the BSE Sensex stocks today are SBI (up 6.9%), ICICI BANK (up 5.9%) and M&M (up 5.6%). Other gainers include L&T (up 5.1%) and INDUSIND BANK (up 4.9%). The most traded stocks in the BSE Sensex are YES BANK and SBI.

In the meantime, NSE Nifty is at 11,700 (up 2.4%). INDIABULLS HOU. FIN. (up 7.5%) and SBI (up 6.7%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 35,149 to 38,910, registering a gain of 3,761 points (up 10.5%).

JSW STEEL Financial Update...

JSW STEEL net profit down at Rs 16 billion for the quarter ended December 2018, compared to a loss of Rs 18 billion a year ago. Net Sales rose 13.8% to Rs 203.2 billion during the period as against Rs 178.6 billion in October-December 2017.

For the year ended March 2018, JSW STEEL reported 83.4% increase in net profit to Rs 63.4 billion compared to net profit of Rs 34.6 billion during FY17.

Revenue of the company grew 18.1% to Rs 715 billion during FY18.

The current Price to earnings ratio of JSW STEEL, based on rolling 12 month earnings, stands at 0.8x.



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