JINDAL STEEL & POWER Plunges by 5%; BSE METAL Index Down 2.3%
November 26, 2018 11:53 AM

JINDAL STEEL & POWER share price has plunged 5% and is presently trading at Rs 171.

Meanwhile, the BSE METAL Index is at 12,131 (down 2.3%).

Among the top losers in the BSE METAL Index today is JINDAL STEEL & POWER (down 5.2%).

NMDC LTD (up 0.4%) is among the top gainer today.

Over the last one year, JINDAL STEEL & POWER has moved down from Rs 173 to Rs 171, registering a loss of Rs 3 (down 1.5%)..

The BSE METAL has moved down from 14,364 to 12,131, loss of 2,233 points (down 15.5%) during the last 12 months.

The top gainers among the BSE METAL Index stocks during this same period were JSW STEEL (up 17.1%).

What About the Benchmark Indices?

The BSE Sensex is at 35,185 (down 0.2%). The top gainers among the BSE Sensex stocks today are ASIAN PAINTS (up 2.4%). The most traded stocks in the BSE Sensex are AXIS BANK and ASIAN PAINTS.

In the meantime, NSE Nifty is at 10,585 (down 0.3%). ASIAN PAINTS (up 2.5%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 33,562 to 35,185, registering a gain of 1,623 points (up 4.0%).

JINDAL STEEL & POWER Financial Update...

JINDAL STEEL & POWER net profit down at Rs 3 billion for the quarter ended September 2018, compared to a loss of Rs 4 billion a year ago. Net Sales rose 42.8% to Rs 99.8 billion during the period as against Rs 69.9 billion in July-September 2017.

For the year ended March 2018, JINDAL STEEL & POWER reported 52.2% decrease in net profit to Rs 10.4 billion compared to net profit of Rs 21.7 billion during FY17.

Revenue of the company grew 22.0% to Rs 284 billion during FY18.

The current Price to earnings ratio of JINDAL STEEL & POWER, based on rolling 12 month earnings, stands at 47.4x.