Jindal Steel and Power rose 2.51% to Rs 312.55 at 11:54 IST on BSE, with the stock recovering on bargain hunting after 6-day 8.43% slide.
Meanwhile, the S&P BSE Sensex was up 397.71 points or 2.02% at 20,120.
On BSE, 1.69 lakh shares were traded in the counter as against average daily volume of 2.41 lakh shares in the past one quarter.
The stock hit a high of Rs 315 and a low of Rs 304.20 so far during the day. The stock had hit a 52-week high of Rs 482.50 on 21 May 2012. The stock had hit a 52-week low of Rs 295.25 on 29 April 2013.
The stock had underperformed the market over the past one month till 14 May 2013, declining 6.96% compared with the Sensex's 8.11% rally. The scrip had also underperformed the market in past one quarter, sliding 21.83% as against Sensex's 1.15% rise.
The large-cap company has equity capital of Rs 93.48 crore. Face value per share is Re 1.
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Shares of Jindal Steel and Power (JSPL) had declined 8.43% in six trading sessions to settle at Rs 304.90 on Tuesday, 14 May 2013, from a recent high of Rs 333 on 7 May 2013.
JSPL's consolidated net profit declined 34.9% to Rs 760.23 crore on 2.2% growth in net sales to Rs 5583.33 crore in Q4 March 2013 over Q4 March 2012.
JSPL is one of India's major steel producers with a significant presence in sectors like mining, power generation and infrastructure.
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