JSW STEEL at 52 Week High; BSE 500 Index Down 0.2%
October 22, 2020 12 pm

JSW STEEL share price has hit a 52-week high at Rs 325 (up 0.6%).

Meanwhile, the BSE 500 Index is at 15,512 (down 0.2%).

Among the top gainers in the BSE 500 Index today are JSW STEEL (up 0.6%) and RELIANCE POWER (up 14.5%).

SYNGENE INTERNATIONAL (down 6.1%) and AUROBINDO PHARMA (down 6.1%) are among the top losers today.

Over the last one year, JSW STEEL has moved up from Rs 220 to Rs 325, registering a gain of Rs 105 (up 47.93%).

The BSE 500 has moved up from 14,996 to 15,512, registering a gain of 516 points (up 3.1%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were DIXON TECHNOLOGIES (up 214.7%), NAVIN FLUORINE (up 168.4%) and AMBER ENTERPRISES INDIA (up 148.6%).

What About the Benchmark Indices?

The BSE Sensex is at 40,722 (down 0.3%). The top gainers among the BSE Sensex stocks today are BHARTI AIRTEL (up 1.8%), TATA STEEL (up 1.6%) and L&T (up 1.4%). Other gainers include ONGC (up 1.3%) and BAJAJ FINANCE (up 1.0%). The most traded stocks in the BSE Sensex are BHARTI AIRTEL and ONGC.

In the meantime, NSE Nifty is at 11,940 (down 0.3%). BHARTI AIRTEL (up 1.8%) and ADANI PORTS & SEZ (up 1.6%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 38,964 to 40,722, registering a gain of 1,758 points (up 4.2%).

JSW STEEL Financial Update...

JSW STEEL net profit down at Rs 5 billion for the quarter ended June 2020, compared to a loss of Rs 2 billion a year ago. Net Sales declined 34.7% to Rs 117.8 billion during the period as against Rs 180.6 billion in April-June 2019.

For the year ended March 2019, JSW STEEL reported 19.2% increase in net profit to Rs 75.5 billion compared to net profit of Rs 63.4 billion during FY18.

Revenue of the company grew 15.8% to Rs 848 billion during FY19.

The current Price to earnings ratio of JSW STEEL, based on rolling 12 month earnings, stands at down 62.8x.