JINDAL STEEL & POWER Plunges by 5%; BSE METAL Index Down 1.4%
January 9, 2019 01:58 PM

JINDAL STEEL & POWER share price has plunged 5% and is presently trading at Rs 159.

Meanwhile, the BSE METAL Index is at 11,362 (down 1.4%).

Among the top losers in the BSE METAL Index today is JINDAL STEEL & POWER (down 5.0%).

HINDUSTAN ZINC (up 0.5%) is among the top gainer today.

Over the last one year, JINDAL STEEL & POWER has moved down from Rs 256 to Rs 159, registering a loss of Rs 98 (down 38.0%)..

The BSE METAL has moved down from 15,773 to 11,362, loss of 4,411 points (down 28.0%) during the last 12 months.

The top gainers among the BSE METAL Index stocks during this same period were JSW STEEL (up 1.6%).

What About the Benchmark Indices?

The BSE Sensex is at 36,251 (up 0.4%). The top gainers among the BSE Sensex stocks today are ITC LTD (up 1.9%). The most traded stocks in the BSE Sensex are TATA MOTORS and INFOSYS LTD.

In the meantime, NSE Nifty is at 10,870 (up 0.2%). ITC LTD (up 1.8%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 34,353 to 36,251, registering a gain of 1,898 points (up 5.2%).

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 44.3x.