JINDAL STAINLESS Surges by 6%; BSE METAL Index Up 0.1%
March 20, 2019 09:20 AM

JINDAL STAINLESS share price has zoomed 6% and is presently trading at Rs 42.

Meanwhile, the BSE METAL Index is at 11,308 (up 0.1%).

Among the top Gainers in the BSE METAL Index today is JINDAL STAINLESS (up 5.9%).

HINDUSTAN ZINC (down 0.2%) and TATA STEEL (down 0.2%) are among the top losers today.

Over the last one year, JINDAL STAINLESS has moved down from Rs 86 to Rs 42, registering a loss of Rs 45 (down 53.2%).

On the other hand, the BSE METAL has moved down from 13,550 to 11,308, loss of 2,242 points (down 16.6%) during the last 12 months.

The top gainers among the BSE METAL Index stocks during this same period were JSW STEEL (up 1.9%) and NMDC LTD (up 0.9%).

What About the Benchmark Indices?

The BSE Sensex is at 38,434 (up 0.2%).

The top gainers among the BSE Sensex stocks today are NTPC (up 1.0%), TATA MOTORS DVR (up 0.9%) and INFOSYS (up 0.7%). Other gainers include L&T (up 0.6%) and HDFC (up 0.4%). The most traded stocks in the BSE Sensex are HDFC BANK and YES BANK.

In the meantime, NSE Nifty is at 11,556 . INDIABULLS HOU. FIN. (up 2.0%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 32,923 to 38,434, registering a gain of 5,511 points (up 16.7%).

JINDAL STAINLESS Financial Update...

JINDAL STAINLESS net profit down at Rs 524 million for the quarter ended December 2018, compared to a loss of Rs 1 billion a year ago. Net Sales rose 4.9% to Rs 31.3 billion during the period as against Rs 29.9 billion in October-December 2017.

For the year ended March 2018, JINDAL STAINLESS reported 611.5% increase in net profit to Rs 3.3 billion compared to net profit of Rs 457.0 million during FY17.

Revenue of the company grew 19.1% to Rs 118 billion during FY18.

The current Price to earnings ratio of JINDAL STAINLESS, based on rolling 12 month earnings, stands at 8.7x.