JINDAL STEEL & POWER at 52 Week High; BSE 500 Index Up 1.0%

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JINDAL STEEL & POWER at 52 Week High; BSE 500 Index Up 1.0%
Tue, 11 Aug 09:29 AM

JINDAL STEEL & POWER share price has hit a 52-week high at Rs 206 (up 2.0%).

Meanwhile, the BSE 500 Index is at 14,831 (up 0.8%).

Among the top gainers in the BSE 500 Index today are JINDAL STEEL & POWER (up 2.0%) and GE T&D INDIA (up 10.0%).

CORPORATION BANK (down 3.9%) and CARE RATING (down 3.8%) are among the top losers today.

Over the last one year, JINDAL STEEL & POWER has moved up from Rs 95 to Rs 206, registering a gain of Rs 111 (up 116.89%).

The BSE 500 has moved up from 14,083 to 14,831, registering a gain of 748 points (up 5.3%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were ADANI GREEN ENERGY (up 706.7%), DIXON TECHNOLOGIES (up 315.2%) and NAVIN FLUORINE (up 227.4%).

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What About the Benchmark Indices?

The BSE Sensex is at 38,529 (up 0.9%). The top gainers among the BSE Sensex stocks today are ICICI BANK (up 2.8%), AXIS BANK (up 2.0%) and TATA STEEL (up 1.9%). Other gainers include POWER GRID (up 1.6%) and L&T (up 1.6%). The most traded stocks in the BSE Sensex are TECH MAHINDRA and ICICI BANK.

In the meantime, NSE Nifty is at 11,368 (up 0.8%). HINDALCO (up 3.3%) and ZEE ENTERTAINMENT (up 2.7%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 36,958 to 38,529, registering a gain of 1,571 points (up 4.2%).

JINDAL STEEL & POWER Financial Update...

JINDAL STEEL & POWER net profit declined 239.8% YoY to Rs 3 billion for the quarter ended March 2020, compared to a loss of Rs 2 billion a year ago. Net Sales declined 5.3% to Rs 88.1 billion during the period as against Rs 93.0 billion in January-March 2019.

For the year ended March 2019, JINDAL STEEL & POWER reported 10.0% decrease in net profit to Rs 9.3 billion compared to net profit of Rs 10.4 billion during FY18.

Revenue of the company grew 39.0% to Rs 395 billion during FY19.

The current Price to earnings ratio of JINDAL STEEL & POWER, based on rolling 12 month earnings, stands at down 49.8x.



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