JINDAL STAINLESS Plunges by 9%; BSE METAL Index Down 7.9%

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JINDAL STAINLESS Plunges by 9%; BSE METAL Index Down 7.9%
Mon, 23 Mar 09:49 AM

JINDAL STAINLESS share price has plunged 9% and is presently trading at Rs 26.

Meanwhile, the BSE METAL Index is at 5,785 (down 7.9%).

Among the top losers in the BSE METAL Index today are JINDAL STAINLESS (down 9.0%) and TATA STEEL (down 8.7%).

Over the last one year, JINDAL STAINLESS has moved down from Rs 40 to Rs 26, registering a loss of Rs 14 (down 35.0%)..

The BSE METAL has moved down from 11,185 to 5,785, loss of 5,400 points (down 48.3%) during the last 12 months.

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

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What About the Benchmark Indices?

The BSE Sensex is at 27,901 (down 9.2%).

In the meantime, NSE Nifty is at 8,159 (down 9.0%).

Over the last 12 months, the BSE Sensex has moved down from 38,387 to 27,901, registering a loss of 10,486 points (down 29.22%).

JINDAL STAINLESS Financial Update...

JINDAL STAINLESS net profit stood at Rs 668 million for the quarter ended June 2019, compared to a profit of Rs 524 million a year ago. Net Sales declined 2.2% to Rs 30.7 billion during the period as against Rs 31.3 billion in April-June 2018.

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 10.6x.



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