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Jindal Saw Gains 6%; BSE METAL Index Up 0.3%
Tue, 30 Jul 16:9

Jindal Saw Gains 6%; BSE METAL Index Up 0.3%Image source: asbe/www.istockphoto.com

Jindal Saw share price has zoomed 6% and is presently trading at Rs 640.0.

Meanwhile, the BSE METAL index is at 32,426.8 (up 0.3%).

Among the top gainers in the BSE METAL index today are Coal India (up 1.4%) and Jindal Steel (up 1.3%).

APOLLO TUBES (down 1.7%) and Hindalco (down 0.8%) are among the top losers today.

Over the last one year, Jindal Saw has moved up from Rs 367.6 to Rs 640.0, registering a gain of Rs 272.5 (up 74.1%).

On the other hand, the BSE METAL index has moved up from 21,737.6 to 32,426.8, registering a gain of 49.2% during the last 12 months.

The top gainers among the BSE METAL index stocks during this same period were Coal India (up 125.1%), NMDC (up 116.1%) and Hindustan Zinc (up 100.5%).

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

What About the Benchmark Indices?

The BSE Sensex is at 81,411.0 (up 0.1%).

The top gainers among the BSE Sensex today are Tata Motors (up 3.4%) and NTPC (up 3.3%). The most traded stocks in the BSE Sensex are Tata Steel and Axis Bank.

In the meantime, NSE Nifty is at 24,840.9 . Tata Motors and NTPC are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,707.2 to 81,411.0, registering a gain of 14,703.8 points (up 22.0%).

Jindal Saw Financial Update...

Jindal Saw net profit grew 68.4% YoY to Rs 4,112 million for the quarter ended June 2024, compared to a profit of Rs 2,442 million a year ago. Net sales rose 12.0% to Rs 49,391 million during the period as against Rs 44,102 million in April-June 2023.

For the year ended March 2024, Jindal Saw reported 252.6% increase in net profit to Rs 15,929 million compared to net profit of Rs 4,518 million during FY23. Revenue of the company grew 17.3% to Rs 209,577 million during FY24.

The current Price to earnings ratio of Jindal Saw, based on rolling 12 month earnings, stands at 11.6.

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