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JSW Steel Gains 3%; BSE METAL Index Up 1.3%
Tue, 5 Nov 13:14

JSW Steel Gains 3%; BSE METAL Index Up 1.3%Image source: phive2015/www.istockphoto.com

JSW Steel share price has zoomed 3% and is presently trading at Rs 985.1.

Meanwhile, the BSE METAL index is at 31,374.1 (up 1.3%).

Among the top gainers in the BSE METAL index today are Hindustan Zinc (up 3.3%) and Tata Steel (up 2.7%).

Coal India (down 2.6%) is among the top losers today.

Over the last one year, JSW Steel has moved up from Rs 724.7 to Rs 985.1, registering a gain of Rs 260.4 (up 35.9%).

On the other hand, the BSE METAL index has moved up from 21,916.4 to 31,374.1, 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 Vedanta (up 107.5%), Hindustan Zinc (up 91.6%) and Jindal Steel (up 57.5%).

Dear Reader: If You Invest in Midcap Stocks, this is for You

What About the Benchmark Indices?

The BSE Sensex is at 78,462.3 (down 0.4%).

The top losers among the BSE Sensex today are MUNDRA PORT & SEZ (down 3.4%) and M&M (down 1.5%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 23,897.1 (down 0.4%). MUNDRA PORT & SEZ and Trent are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 63,591.3 to 78,462.3, registering a gain of 14,871.0 points (up 23.4%).

JSW Steel Financial Update...

JSW Steel net profit fell 83.3% YoY to Rs 4,660 million for the quarter ended September 2024, compared to a profit of Rs 27,970 million a year ago. Net sales declined 11.0% to Rs 396,840 million during the period as against Rs 445,840 million in July-September 2023.

For the year ended March 2024, JSW Steel reported 116.8% increase in net profit to Rs 89,730 million compared to net profit of Rs 41,390 million during FY23. Revenue of the company grew 5.5% to Rs 1,750,060 million during FY24.

The current Price to earnings ratio of JSW Steel, based on rolling 12 month earnings, stands at 46.1.


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