JINDAL STAINLESS Surges by 5%; BSE METAL Index Up 1.4%
May 16, 2019 03:20 PM

JINDAL STAINLESS share price has zoomed 5% and is presently trading at Rs 36.

Meanwhile, the BSE METAL Index is at 10,495 (up 1.4%).

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

COAL INDIA (down 1.3%) is among the top loser today.

Over the last one year, JINDAL STAINLESS has moved down from Rs 79 to Rs 36, registering a loss of Rs 43 (down 54.7%).

On the other hand, the BSE METAL has moved down from 14,054 to 10,495, loss of 3,559 points (down 25.4%) 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 37,428 (up 0.7%).

The top gainers among the BSE Sensex stocks today are BAJAJ FINANCE (up 3.9%), TATA MOTORS (up 3.4%) and TATA MOTORS DVR (up 2.7%). Other gainers include VEDANTA LTD (up 2.4%) and INFOSYS (up 2.3%). The most traded stocks in the BSE Sensex are SUN PHARMA and TATA MOTORS.

In the meantime, NSE Nifty is at 11,265 (up 0.9%). ZEE ENTERTAINMENT (up 7.6%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 35,544 to 37,428, registering a gain of 1,884 points (up 5.1%).

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 7.8x.