JSW STEEL Plunges by 5%; BSE METAL Index Down 3.5%
January 2, 2019 03:28 PM

JSW STEEL share price has plunged 5% and is presently trading at Rs 298.

Meanwhile, the BSE METAL Index is at 11,617 (down 3.5%).

Among the top losers in the BSE METAL Index today is JSW STEEL (down 5.1%).

NMDC LTD (up 1.2%) is among the top gainer today.

Over the last one year, JSW STEEL has moved up from Rs 266 to Rs 298, registering a gain of Rs 32 (up 12.1%)..

The BSE METAL has moved down from 14,861 to 11,617, loss of 3,244 points (down 21.8%) during the last 12 months.

The top gainers among the BSE METAL Index stocks during this same period were JSW STEEL (up 8.4%).

What About the Benchmark Indices?

The BSE Sensex is at 36,237 (down 1.0%). The top gainers among the BSE Sensex stocks today are SUN PHARMA (up 1.5%). The most traded stocks in the BSE Sensex are YES BANK and SUN PHARMA.

In the meantime, NSE Nifty is at 10,895 (down 1.1%). SUN PHARMA (up 1.4%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 33,813 to 36,237, registering a gain of 2,424 points (up 6.1%).

JSW STEEL Financial Update...

JSW STEEL net profit stood at Rs 21 billion for the quarter ended September 2018, compared to a profit of Rs 18 billion a year ago. Net Sales rose 20.7% to Rs 215.5 billion during the period as against Rs 178.6 billion in July-September 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.