JINDAL STEEL & POWER plunges by 5%; BSE METAL Index Down 2.0%

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JINDAL STEEL & POWER plunges by 5%; BSE METAL Index Down 2.0%
Mon, 2 Jul 11:23 AM

JINDAL STEEL & POWER share price has plunged 5% and is presently trading at Rs 224.

Meanwhile, the BSE METAL Index is at 13,130 (Down 2.0%).

Among the top losers in the BSE METAL Index today is JINDAL STEEL & POWER (down 5.16%)

Over the last one year, JINDAL STEEL & POWER has moved up from Rs 122 to Rs 224, registering a gain of Rs 102 (up 83.18%).

The BSE METAL has moved up from 11,379 to 13,130, registering a gain of 1,751 points (up 15.39%) during the last 12 months.

The top gainers among the BSE METAL Index stocks during this same period were JINDAL STEEL & POWER (up 72.69%), JSW STEEL (up 55.30%) and SAIL (up 36.95%).

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What About the Benchmark Indices?

The BSE Sensex is at 35,578 (down 0.66%). The top gainers among the BSE Sensex stocks today are BAJAJ AUTO (up 2.47%), ASIAN PAINTS (up 1.75%) and INFOSYS LTD (up 0.86%). Other gainers include SUN PHARMA (up 0.75%) and TCS (up 0.34%). The most traded stocks in the BSE Sensex are SUN PHARMA and TCS.

In the meantime, NSE Nifty is at 10,736 (down 0.80%). BAJAJ AUTO (up 2.53%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 30,858 to 35,578, registering a gain of 4,720 points (up 14.03%).

JINDAL STEEL & POWER Financial Update...

JINDAL STEEL & POWER net profit declined 217.1% YoY to Rs 4 billion for the quarter ended March 2018, compared to a loss of Rs 4 billion a year ago. Net Sales rose 23.0% to Rs 86.0 billion during the period as against Rs 69.9 billion in January-March 2017.

For the year ended March 2017, JINDAL STEEL & POWER reported 23.9% decrease in net profit to Rs 21.7 billion compared to net profit of Rs 28.5 billion during FY16.

Revenue of the company grew 11.4% to Rs 227 billion during FY17.

The current Price to earnings ratio of JINDAL STEEL & POWER, based on rolling 12 month earnings, stands at down 19.7x.

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