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JINDAL STAINLESS Surges by 8%; BSE METAL Index Up 0.2%

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JINDAL STAINLESS Surges by 8%; BSE METAL Index Up 0.2%
Tue, 12 Feb 09:20 AM

JINDAL STAINLESS share price has zoomed 8% and is presently trading at Rs 28.

Meanwhile, the BSE METAL Index is at 10,232 (up 0.2%).

Among the top Gainers in the BSE METAL Index today is JINDAL STAINLESS (up 8.0%).

VEDANTA LTD and NALCO (down 0.1%) are among the top losers today.

Over the last one year, JINDAL STAINLESS has moved down from Rs 114 to Rs 28, registering a loss of Rs 86 (down 75.9%).

On the other hand, the BSE METAL has moved down from 15,253 to 10,232, loss of 5,021 points (down 32.9%) 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 36,406 .

The top gainers among the BSE Sensex stocks today are POWER GRID (up 1.0%), COAL INDIA (up 0.9%) and TATA MOTORS (up 0.8%). Other gainers include TATA MOTORS DVR (up 0.6%) and YES BANK (up 0.5%). The most traded stocks in the BSE Sensex are POWER GRID and HDFC.

In the meantime, NSE Nifty is at 10,905 (up 0.1%). INDIABULLS HOU. FIN. (up 2.0%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 34,300 to 36,406, registering a gain of 2,106 points (up 6.1%).

JINDAL STAINLESS Financial Update...

JINDAL STAINLESS net profit down at Rs 364 million for the quarter ended September 2018, compared to a loss of Rs 1 billion a year ago. Net Sales rose 3.1% to Rs 30.8 billion during the period as against Rs 29.9 billion in July-September 2017.

For the year ended March 2016, JINDAL STAINLESS reported 24.2% decrease in net profit to Rs 7.1 billion compared to net profit of Rs 9.3 billion during FY15.

Revenue of the company grew 3.9% to Rs 77 billion during FY16.

The current Price to earnings ratio of JINDAL STAINLESS, based on rolling 12 month earnings, stands at 2.1x.

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