JINDAL STEEL & POWER Surges by 5%; BSE METAL Index Up 1.8%
September 11, 2019 10:03 AM

JINDAL STEEL & POWER share price has zoomed 5% and is presently trading at Rs 100.

Meanwhile, the BSE METAL Index is at 8,938 (up 1.8%).

Among the top Gainers in the BSE METAL Index today is JINDAL STEEL & POWER (up 5.1%).

NALCO (down 0.9%) is among the top loser today.

Over the last one year, JINDAL STEEL & POWER has moved down from Rs 219 to Rs 100, registering a loss of Rs 119 (down 54.2%).

On the other hand, the BSE METAL has moved down from 13,801 to 8,938, loss of 4,863 points (down 35.3%) 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 37,299 (up 0.4%).

The top gainers among the BSE Sensex stocks today are YES BANK (up 5.6%), TATA MOTORS (up 3.8%) and TATA MOTORS DVR (up 2.9%). Other gainers include TATA STEEL (up 2.6%) and VEDANTA LTD (up 2.6%). The most traded stocks in the BSE Sensex are YES BANK and TATA MOTORS.

In the meantime, NSE Nifty is at 11,044 (up 0.2%). YES BANK (up 6.6%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 37,922 to 37,299, registering a gain of -623 points (up -1.7%).

JINDAL STEEL & POWER Financial Update...

JINDAL STEEL & POWER net profit down at Rs 874 million for the quarter ended June 2019, compared to a loss of Rs 872 million a year ago. Net Sales rose 4.0% to Rs 99.5 billion during the period as against Rs 95.7 billion in April-June 2018.

For the year ended March 2019, JINDAL STEEL & POWER reported 10.0% decrease in net profit to Rs 9.3 billion compared to net profit of Rs 10.4 billion during FY18.

Revenue of the company grew 39.0% to Rs 395 billion during FY19.

The current Price to earnings ratio of JINDAL STEEL & POWER, based on rolling 12 month earnings, stands at down 3.7x.