Jindal Steel & Power fell 3.93% to Rs 188.70 at 12:05 IST on BSE on profit booking after the stock jumped 7.52% in the preceding four trading session to Rs 195.80 on 28 February 2015, from a recent low of Rs 182.10 on 24 February 2015.
Meanwhile, the BSE Sensex was down 74.76 points, or 0.25%, to 29,286.74.
On BSE, so far 7.75 lakh shares were traded in the counter, compared with an average volume of 10.82 lakh shares in the past one quarter.
The stock hit a high of Rs 195 and a low of Rs 183.90 so far during the day. The stock hit a 52-week high of Rs 350 on 9 June 2014. The stock hit a 52-week low of Rs 125.05 on 17 December 2014.
The stock had outperformed the market over the past one month till 28 February 2015, rising 26.32% compared with 0.67% fall in the Sensex. The scrip had also outperformed the market in past one quarter, rising 39.01% as against Sensex's 2.33% rise.
The large-cap company has an equity capital of Rs 91.49 crore. Face value per share is Re 1.
On a consolidated basis, Jindal Steel & Power (JSPL) reported net loss of Rs 1618.78 crore in Q3 December 2014 as compared to net profit of Rs 561.51 crore in Q3 December 2013. Net sales fell 2.6% to Rs 4973.71 crore in Q3 December 2014 over Q3 December 2013.
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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