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.

What else is happening in the markets today? Dig in...

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