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JINDAL STAINLESS Surges by 6%; BSE METAL Index Down 0.6%

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JINDAL STAINLESS Surges by 6%; BSE METAL Index Down 0.6%
Thu, 9 May 11:08 AM

JINDAL STAINLESS share price has zoomed 6% and is presently trading at Rs 35.

Meanwhile, the BSE METAL Index is at 11,083 (down 0.6%).

Among the top Gainers in the BSE METAL Index today is JINDAL STAINLESS (up 5.6%).

HINDUSTAN ZINC (down 0.2%) and VEDANTA LTD (down 0.6%) are among the top losers today.

Over the last one year, JINDAL STAINLESS has moved down from Rs 85 to Rs 35, registering a loss of Rs 50 (down 59.1%).

On the other hand, the BSE METAL has moved down from 13,965 to 11,083, loss of 2,882 points (down 21.5%) 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 37,780 (down 0.1%).

The top gainers among the BSE Sensex stocks today are YES BANK (up 4.3%), BAJAJ FINANCE (up 1.9%) and HERO MOTOCORP (up 1.7%). Other gainers include INFOSYS (up 1.3%) and BAJAJ AUTO (up 0.7%). The most traded stocks in the BSE Sensex are YES BANK and ICICI BANK.

In the meantime, NSE Nifty is at 11,358 (down 0.2%). YES BANK (up 5.4%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 35,216 to 37,780, registering a gain of 2,564 points (up 7.2%).

JINDAL STAINLESS Financial Update...

JINDAL STAINLESS net profit down at Rs 524 million for the quarter ended December 2018, compared to a loss of Rs 1 billion a year ago. Net Sales rose 4.9% to Rs 31.3 billion during the period as against Rs 29.9 billion in October-December 2017.

For the year ended March 2018, JINDAL STAINLESS reported 611.5% increase in net profit to Rs 3.3 billion compared to net profit of Rs 457.0 million during FY17.

Revenue of the company grew 19.1% to Rs 118 billion during FY18.

The current Price to earnings ratio of JINDAL STAINLESS, based on rolling 12 month earnings, stands at 7.6x.

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