JSW STEEL at All Time High; BSE METAL Index Up 2.6%

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JSW STEEL at All Time High; BSE METAL Index Up 2.6%
Wed, 3 Mar 09:31 AM

JSW STEEL share price has hit an all-time high at Rs 430 (up 3.4%).

Meanwhile, the BSE METAL Index is at 14,504 (up 2.6%).

Among the top gainers in the BSE METAL Index today are JSW STEEL (up 3.4%) and TATA STEEL (up 2.9%).

Over the last one year, JSW STEEL has moved up from Rs 235 to Rs 430, registering a gain of Rs 195 (up 82.0%).

The BSE METAL has moved up from 8,072 to 14,504, registering a gain of 6,432 points (up 79.1%) during the last 12 months.

The top gainers among the BSE METAL Index stocks during this same period were HINDALCO (up 138.0%), SAIL (up 129.4%) and JINDAL STEEL & POWER (up 126.0%).

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What About the Benchmark Indices?

The BSE Sensex is at 50,776 (up 0.7%). The top gainers among the BSE Sensex stocks today are TATA STEEL (up 2.9%), HDFC (up 1.6%) and SBI (up 1.5%). Other gainers include BAJAJ FINANCE (up 1.5%) and AXIS BANK (up 1.4%). The most traded stocks in the BSE Sensex are NTPC and SBI.

In the meantime, NSE Nifty is at 15,065 (up 0.8%). The top gainers in the NSE Nifty include JSW STEEL (up 4.7%), TATA STEEL (up 3.9%) and HINDALCO (up 3.8%). Other gainers include HDFC (up 1.5%) and GRASIM (up 1.5%).

Over the last 12 months, the BSE Sensex has moved up from 38,144 to 50,776, registering a gain of 12,632 points (up 32.8%).

JSW STEEL Financial Update...

JSW STEEL net profit stood at Rs 27 billion for the quarter ended December 2020, compared to a profit of Rs 2 billion a year ago. Net Sales rose 21.1% to Rs 218.6 billion during the period as against Rs 180.6 billion in October-December 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 26.3x.



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