JINDAL STEEL & POWER Surges by 5%; BSE METAL Index Up 1.6%
March 29, 2019 09:42 AM

JINDAL STEEL & POWER share price has zoomed 5% and is presently trading at Rs 174.

Meanwhile, the BSE METAL Index is at 11,298 (up 1.6%).

Among the top Gainers in the BSE METAL Index today is JINDAL STEEL & POWER (up 5.3%).

COAL INDIA (down 0.5%) is among the top loser today.

Over the last one year, JINDAL STEEL & POWER has moved down from Rs 219 to Rs 174, registering a loss of Rs 45 (down 20.8%).

On the other hand, the BSE METAL has moved down from 13,322 to 11,298, loss of 2,024 points (down 15.4%) during the last 12 months.

The top gainers among the BSE METAL Index stocks during this same period were JSW STEEL (up 2.0%).

What About the Benchmark Indices?

The BSE Sensex is at 38,749 (up 0.2%).

The top gainers among the BSE Sensex stocks today are VEDANTA LTD (up 2.4%), TATA MOTORS (up 1.8%) and YES BANK (up 1.6%). Other gainers include WIPRO (up 1.5%) and TATA MOTORS DVR (up 1.4%). The most traded stocks in the BSE Sensex are YES BANK and SBI.

In the meantime, NSE Nifty is at 11,630 (up 0.1%). HPCL (up 3.5%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 32,969 to 38,749, registering a gain of 5,780 points (up 17.2%).

JINDAL STEEL & POWER Financial Update...

JINDAL STEEL & POWER net profit down at Rs 872 million for the quarter ended December 2018, compared to a loss of Rs 4 billion a year ago. Net Sales rose 36.8% to Rs 95.7 billion during the period as against Rs 69.9 billion in October-December 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 down 134.9x.