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JSW Steel Gains 2%; BSE METAL Index Up 1.9%
Thu, 20 Jun 15:45

JSW Steel share price has zoomed 2% and is presently trading at Rs 930.5.

Meanwhile, the BSE METAL index is at 33,731.1 (up 1.9%).

Among the top gainers in the BSE METAL index today are Vedanta (up 5.0%) and NMDC (up 4.3%).

Over the last one year, JSW Steel has moved up from Rs 771.6 to Rs 930.5, registering a gain of Rs 158.9 (up 20.6%).

On the other hand, the BSE METAL index has moved up from 20,628.2 to 33,731.1, registering a gain of 63.5% during the last 12 months.

The top gainers among the BSE METAL index stocks during this same period were NMDC (up 157.3%), Coal India (up 112.8%) and Hindustan Zinc (up 111.1%).

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

What About the Benchmark Indices?

The BSE Sensex is at 77,478.9 (up 0.2%).

The top gainers among the BSE Sensex today are Tata Steel (up 1.6%) and ICICI Bank (up 1.1%). The most traded stocks in the BSE Sensex are Tata Steel and HDFC Bank.

In the meantime, NSE Nifty is at 23,579.2 (up 0.3%). Hindalco and Grasim Industries are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 63,168.3 to 77,478.9, registering a gain of 14,310.6 points (up 22.7%).

JSW Steel Financial Update...

JSW Steel net profit fell 62.1% YoY to Rs 14,200 million for the quarter ended March 2024, compared to a profit of Rs 37,490 million a year ago. Net sales declined 1.5% to Rs 462,690 million during the period as against Rs 469,620 million in January-March 2023.

For the year ended March 2023, JSW Steel reported 80.2% decrease in net profit to Rs 41,390 million compared to net profit of Rs 209,380 million during FY22. Revenue of the company grew 13.4% to Rs 1,659,600 million during FY23.

The current Price to earnings ratio of JSW Steel, based on rolling 12 month earnings, stands at 24.9.

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