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JAI CORP Plunges 8%; BSE METAL Index Down 5.2%
Mon, 5 Aug 11:31

JAI CORP Plunges 8%; BSE METAL Index Down 5.2%Image source: CreativaImages/www.istockphoto.com

JAI CORP share price has plunged 8% and is presently trading at Rs 341.3.

Meanwhile, the BSE METAL index is at 30,232.5 (down 5.2%).

Among the top losers in the BSE METAL index today are SAIL (down 7.6%) and Vedanta (down 6.7%).

Over the last one year, JAI CORP has moved up from Rs 183.1 to Rs 341.3, registering a gain of Rs 158.3 (up 86.5%).

On the other hand, the BSE METAL index has moved up from 22,347.9 to 30,232.5, registering a gain of 35.3% during the last 12 months.

The top gainers among the BSE METAL index stocks during this same period were Coal India (up 107.1%), NMDC (up 90.0%) and Hindustan Zinc (up 89.3%).

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

What About the Benchmark Indices?

The BSE Sensex is at 78,577.0 (down 3.0%).

The top losers among the BSE Sensex today are Tata Motors (down 6.9%) and Tata Steel (down 5.8%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 24,006.5 (down 2.9%). Tata Motors and ONGC are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,459.3 to 78,577.0, registering a gain of 12,117.7 points (up 18.2%).

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 111.6.

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