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Jindal Steel & Power Ltd spurts 2.73%, gains for five straight sessions

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Capital Market

Jindal Steel & Power Ltd is quoting at Rs 94.15, up 2.73% on the day as on 12:49 IST on the NSE. The stock is down 50.28% in last one year as compared to a 22.03% fall in NIFTY and a 42.75% fall in the Nifty Metal.

Jindal Steel & Power Ltd rose for a fifth straight session today. The stock is quoting at Rs 94.15, up 2.73% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 2.19% on the day, quoting at 9190.75. The Sensex is at 31231.77, up 1.77%. Jindal Steel & Power Ltd has dropped around 13.58% in last one month.

 

Meanwhile, Nifty Metal index of which Jindal Steel & Power Ltd is a constituent, has dropped around 4.2% in last one month and is currently quoting at 1738.4, up 3.73% on the day. The volume in the stock stood at 198.44 lakh shares today, compared to the daily average of 261 lakh shares in last one month.

The benchmark April futures contract for the stock is quoting at Rs 94.15, up 2.5% on the day. Jindal Steel & Power Ltd is down 50.28% in last one year as compared to a 22.03% fall in NIFTY and a 42.75% fall in the Nifty Metal index.

The PE of the stock is 11.2 based on TTM earnings ending December 19.

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First Published: Apr 15 2020 | 1:00 PM IST

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