JINDAL STEEL & POWER at 52 Week High; BSE 500 Index Down 0.5 %

Thu, 20 Aug 09:35 AM

JINDAL STEEL & POWER share price has hit a 52-week high at Rs 229 (up 0.8%).

Meanwhile, the BSE 500 Index is at 14,879 (down 0.5%).

Among the top gainers in the BSE 500 Index today are JINDAL STEEL & POWER (up 0.8%) and FUTURE RETAIL LTD (up 11.3%).

MUTHOOT FINANCE (down 4.5%) and CORPORATION BANK (down 3.9%) are among the top losers today.

Over the last one year, JINDAL STEEL & POWER has moved up from Rs 105 to Rs 229, registering a gain of Rs 125 (up 118.84%).

The BSE 500 has moved up from 14,253 to 14,879, registering a gain of 626 points (up 4.4%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were DIXON TECHNOLOGIES (up 250.7%), GRANULES INDIA (up 228.2%) and NAVIN FLUORINE (up 218.6%).

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What About the Benchmark Indices?

The BSE Sensex is at 38,335 (down 0.8%). The top gainers among the BSE Sensex stocks today are NTPC (up 1.1%), HCL TECHNOLOGIES (up 0.6%) and INFOSYS (up 0.5%). Other gainers include TCS (up 0.3%) and POWER GRID (up 0.2%). The most traded stocks in the BSE Sensex are NTPC and INFOSYS.

In the meantime, NSE Nifty is at 11,332 (down 0.8%). ZEE ENTERTAINMENT (up 2.8%) and CIPLA (up 1.1%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 37,402 to 38,335, registering a gain of 933 points (up 2.4%).

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 55.6x.

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