JSW STEEL at All Time High; BSE METAL Index Up 1.7%
April 8, 2021 09:52 AM

JSW STEEL share price has hit an all-time high at Rs 574 (up 0.5%).

Meanwhile, the BSE METAL Index is at 15,950 (up 1.7%).

Among the top gainers in the BSE METAL Index today are JSW STEEL (up 0.5%) and TATA STEEL (up 1.6%).

Over the last one year, JSW STEEL has moved up from Rs 158 to Rs 574, registering a gain of Rs 416 (up 257.2%).

The BSE METAL has moved up from 5,911 to 15,950, registering a gain of 10,039 points (up 169.1%) during the last 12 months.

The top gainers among the BSE METAL Index stocks during this same period were JINDAL STEEL & POWER (up 385.2%), SAIL (up 275.9%) and VEDANTA (up 264.8%).

What About the Benchmark Indices?

The BSE Sensex is at 50,062 (up 0.7%). The top gainers among the BSE Sensex stocks today are TECH MAHINDRA (up 2.0%), BAJAJ FINSERV (up 1.7%) and TCS (up 1.6%). Other gainers include TATA STEEL (up 1.6%) and HDFC (up 1.5%). The most traded stocks in the BSE Sensex are ICICI BANK and INFOSYS.

In the meantime, NSE Nifty is at 14,939 (up 0.7%). The top gainers in the NSE Nifty include HINDALCO (up 2.7%), TATA MOTORS (up 2.2%) and TECH MAHINDRA (up 2.0%). Other gainers include TATA STEEL (up 1.7%) and BAJAJ FINSERV (up 1.7%).

Over the last 12 months, the BSE Sensex has moved up from 30,067 to 50,062, registering a gain of 19,995 points (up 66.3%).

JSW STEEL Financial Update...

JSW STEEL net profit stood at Rs 27 billion for the quarter ended December 2020, compared to a profit of Rs 2 billion a year ago. Net Sales rose 21.1% to Rs 218.6 billion during the period as against Rs 180.6 billion in October-December 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 34.7x.