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JAI CORP Gains 4%; BSE METAL Index Up 0.7%
Fri, 9 Aug 13:27

JAI CORP Gains 4%; BSE METAL Index Up 0.7%Image source: hudiemm/www.istockphoto.com

JAI CORP share price has zoomed 4% and is presently trading at Rs 349.0.

Meanwhile, the BSE METAL index is at 30,973.5 (up 0.7%).

Among the top gainers in the BSE METAL index today are JSW Steel (up 2.8%) and Vedanta (up 1.3%).

SAIL (down 4.5%) and NMDC (down 0.6%) are among the top losers today.

Over the last one year, JAI CORP has moved up from Rs 181.7 to Rs 349.0, registering a gain of Rs 167.3 (up 92.1%).

On the other hand, the BSE METAL index has moved up from 21,630.2 to 30,973.5, registering a gain of 43.2% during the last 12 months.

The top gainers among the BSE METAL index stocks during this same period were Coal India (up 125.0%), NMDC (up 96.5%) and Hindustan Zinc (up 88.8%).

Must See: These Segments are Witnessing Incredible Growth with Modi's Push

What About the Benchmark Indices?

The BSE Sensex is at 79,705.0 (up 1.0%).

The top gainers among the BSE Sensex today are Tata Motors (up 2.9%) and JSW Steel (up 2.8%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 24,361.3 (up 1.0%). Eicher Motor and Grasim Industries are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,953.5 to 79,705.0, registering a gain of 13,751.5 points (up 20.9%).

JAI CORP Financial Update...

JAI CORP net profit grew 163.5% YoY to Rs 248 million for the quarter ended March 2024, compared to a loss of Rs 391 million a year ago. Net sales declined 1.6% to Rs 1,227 million during the period as against Rs 1,248 million in January-March 2023.

For the year ended March 2024, JAI CORP reported 489.9% increase in net profit to Rs 529 million compared to net loss of Rs 136 million during FY23. Revenue of the company fell 22.1% to Rs 4,631 million during FY24.

The current Price to earnings ratio of JAI CORP, based on rolling 12 month earnings, stands at 114.1.

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