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JSW Steel Gains 4%; BSE METAL Index Up 1.4%
Wed, 31 Jul 15:32

JSW Steel Gains 4%; BSE METAL Index Up 1.4%Image source: Ivcandy/www.istockphoto.com

JSW Steel share price has zoomed 4% and is presently trading at Rs 934.6.

Meanwhile, the BSE METAL index is at 32,849.3 (up 1.4%).

Among the top gainers in the BSE METAL index today are SAIL (up 3.8%) and Hindalco (up 1.6%).

NMDC (down 0.7%) is among the top losers today.

Over the last one year, JSW Steel has moved up from Rs 816.8 to Rs 934.6, registering a gain of Rs 117.8 (up 14.4%).

On the other hand, the BSE METAL index has moved up from 22,180.7 to 32,849.3, registering a gain of 48.1% during the last 12 months.

The top gainers among the BSE METAL index stocks during this same period were Coal India (up 127.6%), NMDC (up 106.1%) and Hindustan Zinc (up 101.8%).

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

What About the Benchmark Indices?

The BSE Sensex is at 81,771.0 (up 0.4%).

The top gainers among the BSE Sensex today are Asian Paints (up 2.7%) and NTPC (up 2.3%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 24,979.3 (up 0.5%). Maruti Suzuki and HDFC LIFE INSURANCE are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,527.7 to 81,771.0, registering a gain of 15,243.4 points (up 22.9%).

JSW Steel Financial Update...

JSW Steel net profit fell 64.3% YoY to Rs 8,790 million for the quarter ended June 2024, compared to a profit of Rs 24,620 million a year ago. Net sales rose 1.7% to Rs 429,430 million during the period as against Rs 422,130 million in April-June 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 30.2.

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