JAI CORP LTD Surges by 6%; BSE METAL Index Up 0.2%
August 31, 2018 09:35 AM

JAI CORP LTD share price has zoomed 6% and is presently trading at Rs 168.

Meanwhile, the BSE METAL Index is at 13,984 (up 0.2%).

Among the top Gainers in the BSE METAL Index today is JAI CORP LTD (up 6.3%).

NMDC LTD (down 0.1%) and SAIL (down 0.4%) are among the top losers today.

Over the last one year, JAI CORP LTD has moved up from Rs 82 to Rs 168, registering a gain of Rs 86 (up 104.0%).

On the other hand, the BSE METAL has moved up from 13,293 to 13,984, registering a gain of 691 points (up 4.8%) during the last 12 months.

The top gainers among the BSE METAL Index stocks during this same period were JINDAL STEEL & POWER (up 61.5%), JSW STEEL (up 54.8%) and SAIL (up 30.8%).

What About the Benchmark Indices?

The BSE Sensex is at 38,762 (up 0.2%).

The top gainers among the BSE Sensex stocks today are POWER GRID (up 2.0%), SUN PHARMA (up 2.0%) and WIPRO (up 1.3%). Other gainers include INFOSYS LTD (up 1.1%) and NTPC (up 1.1%). The most traded stocks in the BSE Sensex are SUN PHARMA and ITC LTD.

In the meantime, NSE Nifty is at 11,706 (up 0.2%). BHARTI INFRATEL (up 2.7%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 31,646 to 38,762, registering a gain of 7,116 points (up 22.4%).

JAI CORP LTD Financial Update...

JAI CORP LTD net profit stood at Rs 138 million for the quarter ended June 2018, compared to a profit of Rs 46 million a year ago. Net Sales rose 8.2% to Rs 1.6 billion during the period as against Rs 1.5 billion in April-June 2017.

For the year ended March 2017, JAI CORP LTD reported 40.7% increase in net profit to Rs 98.0 million compared to net loss of Rs 70.0 million during FY16.

Revenue of the company grew 4.8% to Rs 7 billion during FY17.

The current Price to earnings ratio of JAI CORP LTD, based on rolling 12 month earnings, stands at 82.2x.