JINDAL STEEL & POWER Surges by 5%; BSE METAL Index Up 3.0%

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JINDAL STEEL & POWER Surges by 5%; BSE METAL Index Up 3.0%
Mon, 3 Dec 09:28 AM

JINDAL STEEL & POWER share price has zoomed 5% and is presently trading at Rs 163.

Meanwhile, the BSE METAL Index is at 12,217 (up 3.0%).

Among the top Gainers in the BSE METAL Index today are JINDAL STEEL & POWER (up 5.3%) and HINDALCO (up 5.0%).

Over the last one year, JINDAL STEEL & POWER has moved down from Rs 172 to Rs 163, registering a loss of Rs 9 (down 5.8%).

On the other hand, the BSE METAL has moved down from 13,902 to 12,217, loss of 1,685 points (down 12.3%) during the last 12 months.

The top gainers among the BSE METAL Index stocks during this same period were JSW STEEL (up 27.3%).

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What About the Benchmark Indices?

The BSE Sensex is at 36,446 (up 0.5%).

The top gainers among the BSE Sensex stocks today are VEDANTA LTD (up 4.0%), TATA STEEL (up 3.0%) and NTPC (up 1.8%). Other gainers include HUL (up 1.7%) and YES BANK (up 1.6%). The most traded stocks in the BSE Sensex are YES BANK and HDFC BANK.

In the meantime, NSE Nifty is at 10,941 (up 0.4%). HINDALCO (up 3.9%) and VEDANTA LTD (up 3.5%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 33,149 to 36,446, registering a gain of 3,297 points (up 9.7%).

JINDAL STEEL & POWER Financial Update...

JINDAL STEEL & POWER net profit down at Rs 3 billion for the quarter ended September 2018, compared to a loss of Rs 4 billion a year ago. Net Sales rose 42.8% to Rs 99.8 billion during the period as against Rs 69.9 billion in July-September 2017.

For the year ended March 2018, JINDAL STEEL & POWER reported 52.2% decrease in net profit to Rs 10.4 billion compared to net profit of Rs 21.7 billion during FY17.

Revenue of the company grew 22.0% to Rs 284 billion during FY18.

The current Price to earnings ratio of JINDAL STEEL & POWER, based on rolling 12 month earnings, stands at 48.0x.



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