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JINDAL STEEL & POWER Plunges by 6%; BSE METAL Index Down 2.0%

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JINDAL STEEL & POWER Plunges by 6%; BSE METAL Index Down 2.0%
Mon, 28 Jan 11:56 AM

JINDAL STEEL & POWER share price has plunged 6% and is presently trading at Rs 139.

Meanwhile, the BSE METAL Index is at 10,759 (down 2.0%).

Among the top losers in the BSE METAL Index today is JINDAL STEEL & POWER (down 6.0%).

NMDC LTD (up 0.1%) is among the top gainer today.

Over the last one year, JINDAL STEEL & POWER has moved down from Rs 280 to Rs 139, registering a loss of Rs 141 (down 50.5%)..

The BSE METAL has moved down from 15,683 to 10,759, loss of 4,924 points (down 31.4%) during the last 12 months.

The top gainers among the BSE METAL Index stocks during this same period were [param_historic_top3].

What About the Benchmark Indices?

The BSE Sensex is at 36,124 (down 0.9%). The top gainers among the BSE Sensex stocks today are L&T (up 1.5%). The most traded stocks in the BSE Sensex are L&T and TCS.

In the meantime, NSE Nifty is at 10,804 (down 1.0%). ZEE ENTERTAINMENT (up 8.9%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 36,050 to 36,124, registering a gain of 74 points (up -1.0%).

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 38.3x.

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