JSW STEEL Surges by 5%; BSE METAL Index Up 1.6%

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JSW STEEL Surges by 5%; BSE METAL Index Up 1.6%
Tue, 30 Apr 03:24 PM

JSW STEEL share price has zoomed 5% and is presently trading at Rs 309.

Meanwhile, the BSE METAL Index is at 11,534 (up 1.6%).

Among the top Gainers in the BSE METAL Index today is JSW STEEL (up 5.0%).

SAIL (down 1.6%) and NALCO (down 1.8%) are among the top losers today.

Over the last one year, JSW STEEL has moved down from Rs 328 to Rs 309, registering a loss of Rs 19 (down 5.9%).

On the other hand, the BSE METAL has moved down from 14,145 to 11,534, loss of 2,611 points (down 18.5%) during the last 12 months.

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

Revealed: Top 3 Stocks for 2020 and Beyond

What About the Benchmark Indices?

The BSE Sensex is at 39,069 (down 0.1%).

The top gainers among the BSE Sensex stocks today are TATA STEEL (up 2.2%), INFOSYS (up 1.8%) and HDFC BANK (up 1.8%). Other gainers include WIPRO (up 1.4%) and ONGC (up 1.1%). The most traded stocks in the BSE Sensex are RELIANCE IND. and TATA STEEL.

In the meantime, NSE Nifty is at 11,756 . JSW STEEL (up 4.8%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 34,714 to 39,069, registering a gain of 4,355 points (up 12.4%).

JSW STEEL Financial Update...

JSW STEEL net profit down at Rs 16 billion for the quarter ended December 2018, compared to a loss of Rs 18 billion a year ago. Net Sales rose 13.8% to Rs 203.2 billion during the period as against Rs 178.6 billion in October-December 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 0.8x.



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