JINDAL STAINLESS Share Price Down by 5%; BSE METAL Index Down 4.0%
Fri, 18 Jun 11:46 AM

JINDAL STAINLESS share price has plunged 5% and is presently trading at Rs 99.

Meanwhile, the BSE METAL Index is at 18,432 (down 4.0%).

Among the top losers in the BSE METAL Index today are JINDAL STAINLESS (down 5.5%) and JINDAL STEEL & POWER (down 5.3%).

Over the last one year, JINDAL STAINLESS has moved up from Rs 34 to Rs 99, registering a gain of Rs 66 (up 193.8%)..

The BSE METAL has moved up from 7,072 to 18,432, registering a gain of 11,360 points (up 160.6%) during the last 12 months.

The top buzzing stocks among the BSE METAL Index stocks during this same period were SAIL (up 314.3%), JSW STEEL (up 249.7%) and TATA STEEL (up 242.9%).

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What About the Benchmark Indices?

The BSE Sensex is at 52,586 (down 0.9%). The top gainers among the BSE Sensex stocks today are BAJAJ AUTO (up 1.4%), HUL (up 0.6%) and INFOSYS (up 0.1%). Other gainer include BAJAJ FINSERV . The most traded stocks in the BSE Sensex are INFOSYS and HUL.

In the meantime, NSE Nifty is at 15,762 (down 0.9%). BAJAJ AUTO (up 1.6%) and ADANI PORTS & SEZ (up 1.2%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 33,605 to 52,586, registering a gain of 18,981 points (up 54.34%).

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 29.3x.



What else is happening in the markets today? Dig in...

  

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