JSW STEEL at All Time High; BSE METAL Index Up 2.0%

Thu, 7 Jun 10:28 AM

JSW STEEL share price has hit an all-time high at Rs 346 (up 2.46%).

Meanwhile, the BSE METAL Index is at 13,993 (up 1.97%).

Among the top gainers in the BSE METAL Index today are JSW STEEL (up 2.46%) and TATA STEEL (up 2.12%)

COAL INDIA (down 0.38%) is among the top loser today.

Over the last one year, JSW STEEL has moved up from Rs 193 to Rs 346, registering a gain of Rs 153 (up 79.45%).

The BSE METAL has moved up from 11,004 to 13,993, registering a gain of 2,989 points (up 27.10%) during the last 12 months.

The top gainers among the BSE METAL Index stocks during this same period were JINDAL STEEL & POWER (up 108.39%), JSW STEEL (up 79.45%) and SAIL (up 39.93%).

What About the Benchmark Indices?

The BSE Sensex is at 35,472 (up 0.83%). The top gainers among the BSE Sensex stocks today are BHEL (up 2.35%), AXIS BANK (up 2.15%) and TATA STEEL (up 2.12%). Other gainers include ICICI BANK (up 1.78%) and ONGC (up 1.67%). The most traded stocks in the BSE Sensex are TATA MOTORS and SBI.

In the meantime, NSE Nifty is at 10,770 (up 0.74%). The top gainers in the NSE Nifty include TATA POWER (up 2.18%), AXIS BANK (up 2.14%) and TATA STEEL (up 1.99%). Other gainers include HINDALCO (up 1.83%) and ICICI BANK (up 1.64%).

Over the last 12 months, the BSE Sensex has moved up from 31,191 to 35,472, registering a gain of 4,281 points (up 13.73%).

JSW STEEL Financial Update...

JSW STEEL net profit grew 163.2% YoY to Rs 29 billion for the quarter ended March 2018, compared to a profit of Rs 18 billion a year ago. Net Sales rose 116.6% to Rs 208.2 billion during the period as against Rs 178.6 billion in January-March 2017.

For the year ended March 2017, JSW STEEL reported 212.7% increase in net profit to Rs 34.5 billion compared to net profit of Rs 16.2 billion during FY16.

Revenue of the company grew 131.7% to Rs 605 billion during FY17.

The current Price to earnings ratio of JSW STEEL, based on rolling 12 month earnings, stands at 1.4x.

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