JINDAL STAINLESS Plunges by 6%; BSE METAL Index Down 0.7%
May 7, 2019 02:58 PM

JINDAL STAINLESS share price has plunged 6% and is presently trading at Rs 36.

Meanwhile, the BSE METAL Index is at 11,417 (down 0.7%).

Among the top losers in the BSE METAL Index today is JINDAL STAINLESS (down 6.0%).

HINDALCO (up 0.9%) and NMDC LTD (up 0.3%) are among the top gainers today.

Over the last one year, JINDAL STAINLESS has moved down from Rs 90 to Rs 36, registering a loss of Rs 54 (down 60.5%)..

The BSE METAL has moved down from 13,987 to 11,417, loss of 2,570 points (down 18.4%) during the last 12 months.

The top gainers among the BSE METAL Index stocks during this same period were [param_historic_top3].

What About the Benchmark Indices?

The BSE Sensex is at 38,836 (down 0.4%). The top gainers among the BSE Sensex stocks today are HUL (up 1.6%). The most traded stocks in the BSE Sensex are SBI and NTPC.

In the meantime, NSE Nifty is at 11,657 (down 0.6%). HUL (up 1.9%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 35,208 to 38,836, registering a gain of 3,628 points (up 9.2%).

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 7.2x.