Meanwhile, the BSE Sensex was up 15.90 points, or 0.08%, to 19,403.40.
On BSE, 3.86 lakh shares were traded in the counter as against an average daily volume of 2.08 lakh shares in the past one quarter.
The stock hit a high of Rs 308.80 and a low of Rs 298.50 so far during the day. The stock had hit a 52-week low of Rs 295.25 on Monday, 29 April 2013. The stock had hit a 52-week high of Rs 514.55 on 2 May 2012.
The stock had underperformed the market over the past one month till 29 April 2013, sliding 13.44% compared with the Sensex's 2.93% rise. The scrip had also underperformed the market in past one quarter, falling 30.28% as against Sensex's 3.02% fall.
The large-cap company has an equity capital of Rs 93.48 crore. Face value per share is Re 1.
The recent underperformance in Jindal Steel and Power (JSPL) stock was triggered by the company's weak Q4 March 2013 result announced after market hours on Thursday, 25 April 2013.
On a consolidated basis, JSPL's net profit after tax and before minority interest and share of profit/loss of associates declined 35% to Rs 752.75 crore in Q4 March 2013 over Q4 March 2012. JSPL reported a 3% growth in consolidated income from operations to Rs 5648.44 crore in Q4 March 2013 over Q4 March 2012.
JSPL's consolidated net profit after exceptional item declined 27.25% to Rs 2911.62 crore on 9% growth in income from operations to Rs 19806.78 crore in the year ended 31 March 2013 (FY 2013) over the year ended 31 March 2012 (FY 2012). Net profit before exceptional item declined 14% to Rs 3485.74 crore in FY 2013 over FY 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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