JINDAL STEEL & POWER surged by 5%; BSE METAL Index Up 1.2%

JINDAL STEEL & POWER share price has Zoomed 5% and is presently trading at Rs 257.

Meanwhile, the BSE METAL Index is at 14,005 (Up 1.2%).

Among the top Gainers in the BSE METAL Index today is JINDAL STEEL & POWER (up 5.06%).

Over the last one year, JINDAL STEEL & POWER has moved up from Rs 114 to Rs 257, registering a gain of Rs 143 (up 124.74%)

On the other hand, the BSE METAL has moved up from 11,009 to 14,005, registering a gain of 2,996 points (up 27.16%) during the last 12 months.

The top gainers among the BSE METAL Index stocks during this same period were JINDAL STEEL & POWER (up 124.74%), JSW STEEL (up 64.35%) and TATA STEEL (up 44.71%).

What About the Benchmark Indices?

The BSE Sensex is at 35,389 (up 0.32%).

The top gainers among the BSE Sensex stocks today are ASIAN PAINTS (up 5.46%), TATA STEEL (up 1.68%) and ICICI BANK (up 1.21%). Other gainers include KOTAK MAH. BANK (up 0.81%) and HDFC (up 0.74%). The most traded stocks in the BSE Sensex are SBI and ASIAN PAINTS.

In the meantime, NSE Nifty is at 10,763 (up 0.36%). ASIAN PAINTS (up 5.36%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 30,248 to 35,389, registering a gain of 5,141 points (up 16.90%).

JINDAL STEEL & POWER Financial Update...

JINDAL STEEL & POWER net profit declined 117.1% 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 123.0% 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 76.1% increase in net profit to Rs 21.7 billion compared to net profit of Rs 28.5 billion during FY16.

Revenue of the company grew 111.4% 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 23.9x.

This article was originally published in English at www.equitymaster.com

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