JINDAL STAINLESS Plunges by 5%; BSE METAL Index Down 0.9%
May 13, 2019 12:16 PM

JINDAL STAINLESS share price has plunged 5% and is presently trading at Rs 38.

Meanwhile, the BSE METAL Index is at 10,674 (down 0.9%).

Among the top losers in the BSE METAL Index today is JINDAL STAINLESS (down 5.2%).

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

Over the last one year, JINDAL STAINLESS has moved down from Rs 85 to Rs 38, registering a loss of Rs 48 (down 55.8%)..

The BSE METAL has moved down from 13,834 to 10,674, loss of 3,160 points (down 22.8%) 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 37,584 (down 0.1%). The top gainers among the BSE Sensex stocks today are HUL (up 0.8%). The most traded stocks in the BSE Sensex are SBI and ITC.

In the meantime, NSE Nifty is at 11,300 (down 0.2%). TITAN (up 1.2%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 35,246 to 37,584, registering a gain of 2,338 points (up 6.2%).

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 7.9x.