JAI CORP LTD Surges by 6%; BSE METAL Index Up 0.5%
December 19, 2018 01:29 PM

JAI CORP LTD share price has zoomed 6% and is presently trading at Rs 113.

Meanwhile, the BSE METAL Index is at 12,060 (up 0.5%).

Among the top Gainers in the BSE METAL Index today is JAI CORP LTD (up 6.0%).

COAL INDIA (down 0.1%) and VEDANTA LTD (down 0.4%) are among the top losers today.

Over the last one year, JAI CORP LTD has moved down from Rs 168 to Rs 113, registering a loss of Rs 55 (down 33.3%).

On the other hand, the BSE METAL has moved down from 14,123 to 12,060, loss of 2,063 points (down 14.8%) during the last 12 months.

The top gainers among the BSE METAL Index stocks during this same period were JSW STEEL (up 21.9%).

What About the Benchmark Indices?

The BSE Sensex is at 36,513 (up 0.4%).

The top gainers among the BSE Sensex stocks today are AXIS BANK (up 3.8%), ASIAN PAINTS (up 3.3%) and SBI (up 2.7%). Other gainers include MARUTI SUZUKI (up 1.8%) and BHARTI AIRTEL (up 1.6%). The most traded stocks in the BSE Sensex are YES BANK and SBI.

In the meantime, NSE Nifty is at 10,973 (up 0.5%). INDIABULLS HOU. FIN. (up 6.6%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 33,602 to 36,513, registering a gain of 2,911 points (up 8.6%).

JAI CORP LTD Financial Update...

JAI CORP LTD net profit stood at Rs 84 million for the quarter ended September 2018, compared to a profit of Rs 46 million a year ago. Net Sales rose 15.6% to Rs 1.7 billion during the period as against Rs 1.5 billion in July-September 2017.

For the year ended March 2018, JAI CORP LTD reported 180.5% decrease in net profit to Rs 79.0 million compared to net loss of Rs 98.0 million during FY17.

Revenue of the company grew 20.3% to Rs 6 billion during FY18.

The current Price to earnings ratio of JAI CORP LTD, based on rolling 12 month earnings, stands at 52.9x.