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JINDAL STEEL & POWER plunges by 6%; BSE METAL Index Down 0.3%

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JINDAL STEEL & POWER plunges by 6%; BSE METAL Index Down 0.3%
Fri, 13 Jul 10:46 AM

JINDAL STEEL & POWER share price has plunged 6% and is presently trading at Rs 224.

Meanwhile, the BSE METAL Index is at 12,598 (Down 0.3%).

Among the top losers in the BSE METAL Index today is JINDAL STEEL & POWER (down 5.82%)

COAL INDIA (up 1.13%) and TATA STEEL (up 0.01%) are among the top gainers today.

Over the last one year, JINDAL STEEL & POWER has moved up from Rs 140 to Rs 224, registering a gain of Rs 84 (up 59.94%).

The BSE METAL has moved up from 11,912 to 12,598, registering a gain of 686 points (up 5.76%) during the last 12 months.

The top gainers among the BSE METAL Index stocks during this same period were JINDAL STEEL & POWER (up 47.50%), JSW STEEL (up 47.33%) and SAIL (up 19.81%).

What About the Benchmark Indices?

The BSE Sensex is at 36,740 (up 0.15%). The top gainers among the BSE Sensex stocks today are WIPRO (up 1.77%), INFOSYS LTD (up 1.63%) and RELIANCE IND. (up 1.42%). Other gainers include COAL INDIA (up 1.13%) and KOTAK MAH. BANK (up 0.86%). The most traded stocks in the BSE Sensex are TCS and RELIANCE IND..

In the meantime, NSE Nifty is at 11,071 (down 0.00%). WIPRO (up 1.66%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 31,805 to 36,740, registering a gain of 4,935 points (up 15.08%).

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 19.2x.

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