JINDAL STAINLESS Share Price Up by 6%; BSE METAL Index Down 1.9%

Wed, 30 Sep 01:56 PM

JINDAL STAINLESS share price has zoomed 6% and is presently trading at Rs 45.

Meanwhile, the BSE METAL Index is at 8,486 (down 1.9%).

Among the top Gainers in the BSE METAL Index today is JINDAL STAINLESS (up 5.7%).

HINDUSTAN ZINC (down 0.3%) and HINDALCO (down 1.2%) are among the top losers today.

Over the last one year, JINDAL STAINLESS has moved up from Rs 36 to Rs 45, registering a gain of Rs 9 (up 26.5%).

On the other hand, the BSE METAL has moved down from 9,086 to 8,486, loss of 600 points (down 8.6%) during the last 12 months.

The top buzzing stocks among the BSE METAL Index stocks during this same period were JINDAL STEEL & POWER (up 81.8%), JSW STEEL (up 20.8%) and SAIL (up 1.3%).

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What About the Benchmark Indices?

The BSE Sensex is at 38,167 (up 0.5%).

The top gainers among the BSE Sensex stocks today are TECH MAHINDRA (up 2.6%), HUL (up 2.5%) and TITAN (up 2.2%). Other gainers include NESTLE (up 2.1%) and ASIAN PAINTS (up 1.9%). The most traded stocks in the BSE Sensex are ITC and INFOSYS.

In the meantime, NSE Nifty is at 11,281 (up 0.5%). The top gainers in the NSE Nifty include DR. REDDYS LAB (up 2.9%), SHREE CEMENT (up 2.6%) and TECH MAHINDRA (up 2.6%). Other gainers include HUL (up 2.5%) and TITAN (up 2.2%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved down from 38,667 to 38,167, registering a loss of 500 points (down 1.35%).

JINDAL STAINLESS Financial Update...

JINDAL STAINLESS net profit down at Rs 220 million for the quarter ended March 2020, compared to a loss of Rs 561 million a year ago. Net Sales declined 8.7% to Rs 29.0 billion during the period as against Rs 31.8 billion in January-March 2019.

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 14.2x.

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