JINDAL STAINLESS Plunges by 5%; BSE METAL Index Down 1.8%

September 30, 2019 11:12 AM

JINDAL STAINLESS share price has plunged 5% and is presently trading at Rs 37.

Meanwhile, the BSE METAL Index is at 9,070 (down 1.8%).

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

Over the last one year, JINDAL STAINLESS has moved down from Rs 59 to Rs 37, registering a loss of Rs 22 (down 38.0%)..

The BSE METAL has moved down from 13,980 to 9,070, loss of 4,910 points (down 35.1%) 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 38,873 (down 0.7%). The top gainers among the BSE Sensex stocks today are HCL TECHNOLOGIES (up 1.6%). The most traded stocks in the BSE Sensex are RELIANCE IND. and BHARTI AIRTEL.

In the meantime, NSE Nifty is at 11,505 (down 0.8%). HCL TECHNOLOGIES (up 2.1%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 36,324 to 38,873, registering a gain of 2,549 points (up 6.1%).

JINDAL STAINLESS Financial Update...

JINDAL STAINLESS net profit stood at Rs 668 million for the quarter ended June 2019, compared to a profit of Rs 524 million a year ago. Net Sales declined 2.2% to Rs 30.7 billion during the period as against Rs 31.3 billion in April-June 2018.

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 14.5x.