JSW STEEL at All Time High; BSE METAL Index Up 2.2%

September 7, 2018 02:14 PM

JSW STEEL share price has hit an all-time high at Rs 409 (up 2.5%).

Meanwhile, the BSE METAL Index is at 14,089 (up 2.2%).

Among the top gainers in the BSE METAL Index today are JSW STEEL (up 2.5%) and TATA STEEL (up 3.2%).

HINDUSTAN ZINC (down 0.1%) is among the top loser today.

Over the last one year, JSW STEEL has moved up from Rs 262 to Rs 409, registering a gain of Rs 147 (up 55.6%).

The BSE METAL has moved up from 13,762 to 14,089, registering a gain of 327 points (up 2.3%) during the last 12 months.

The top gainers among the BSE METAL Index stocks during this same period were JSW STEEL (up 55.6%), JINDAL STEEL & POWER (up 55.3%) and SAIL (up 27.1%).

What About the Benchmark Indices?

The BSE Sensex is at 38,355 (up 0.2%). The top gainers among the BSE Sensex stocks today are HERO MOTOCORP (up 3.7%), M&M (up 3.5%) and BAJAJ AUTO (up 3.4%). Other gainers include TATA STEEL (up 3.2%) and TATA MOTORS (up 3.0%). The most traded stocks in the BSE Sensex are TATA MOTORS and AXIS BANK.

In the meantime, NSE Nifty is at 11,580 (up 0.3%). The top gainers in the NSE Nifty include LUPIN LTD (up 3.9%), M&M (up 3.7%) and HERO MOTOCORP (up 3.6%). Other gainers include HINDALCO (up 3.6%) and GAIL (up 3.4%).

Over the last 12 months, the BSE Sensex has moved up from 31,662 to 38,355, registering a gain of 6,693 points (up 21.0%).

JSW STEEL Financial Update...

JSW STEEL net profit stood at Rs 23 billion for the quarter ended June 2018, compared to a profit of Rs 18 billion a year ago. Net Sales rose 14.9% to Rs 205.2 billion during the period as against Rs 178.6 billion in April-June 2017.

For the year ended March 2018, JSW STEEL reported 83.4% increase in net profit to Rs 63.4 billion compared to net profit of Rs 34.6 billion during FY17.

Revenue of the company grew 18.1% to Rs 715 billion during FY18.

The current Price to earnings ratio of JSW STEEL, based on rolling 12 month earnings, stands at 1.3x.