Jindal Stainless falls despite reporting over 2-fold jump in Q1 net profit

18 Jul 2018 Evaluate

Jindal Stainless is currently trading at Rs. 57.00, down by 1.20 points or 2.06% from its previous closing of Rs. 58.20 on the BSE.

The scrip opened at Rs. 62.00 and has touched a high and low of Rs. 62.60 and Rs. 56.20 respectively. So far 149069 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 132.40 on 08-Jan-2018 and a 52 week low of Rs. 56.20 on 18-Jul-2018.

Last one week high and low of the scrip stood at Rs. 65.90 and Rs. 56.20 respectively. The current market cap of the company is Rs. 2731.56 crore.

The promoters holding in the company stood at 66.52%, while Institutions and Non-Institutions held 23.82% and 9.48% respectively.

The company has reported over 2-fold jump in its net profit at Rs 90.85 crore for for first quarter ended June 30, 2018 as compared to Rs 41.50 crore for the same quarter in the previous year. Total income of the company increased by 43.05% at Rs 3,152.53 crore for Q1FY19 as compared Rs 2,203.86 crore for the corresponding quarter previous year.

Jindal Stainless is one of the largest stainless steel conglomerates in India and ranks amongst the top 10 stainless steel conglomerates in the world.

Jindal Stainless Share Price

625.05 -7.60 (-1.20%)
10-Jan-2025 16:59 View Price Chart
Peers
Company Name CMP
Tata Steel 127.40
JSW Steel 901.15
SAIL 106.00
Jindal Stainless 625.05
Jindal Saw 256.25
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