Jindal Steel & Power Ltd drops for fifth straight session

Capital Market 

The stock is quoting at Rs 185.85, down 0.38% on the day as on 13:19 IST on the NSE. Steel & Power Ltd jumped 25.7% in last one year as compared to a 7.22% rally in and a 1% fall in the Metal index.

Steel & Power Ltd fell for a fifth straight session today. The stock is quoting at 185.85, down 0.38% on the day as on 13:19 IST on the NSE. The benchmark is down around 2.35% on the day, quoting at 10603.05. The Sensex is at 35155.75, down 2.28%.Steel & Power Ltd has eased around 12.25% in last one month.Meanwhile, index of which is a constituent, has eased around 1.68% in last one month and is currently quoting at 3592, down 0.82% on the day. The volume in the stock stood at 80.17 lakh shares today, compared to the daily average of 141.9 lakh shares in last one month.

The benchmark October futures contract for the stock is quoting at Rs 188.05, up 0.35% on the day. jumped 25.7% in last one year as compared to a 7.22% rally in NIFTY and a 1% fall in the index.

The PE of the stock is 38.7 based on earnings ending June 18.

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First Published: Thu, October 04 2018. 13:35 IST