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JSL STAINLESS Plunges 5%; BSE METAL Index Down 1.3%
Mon, 2 Sep 13:6

JSL STAINLESS Plunges 5%; BSE METAL Index Down 1.3%Image source: bluebay2014/www.istockphoto.com

JSL STAINLESS share price has plunged 5% and is presently trading at Rs 750.4.

Meanwhile, the BSE METAL index is at 32,036.0 (down 1.3%).

Among the top losers in the BSE METAL index today are NMDC (down 3.2%) and Hindalco (down 2.3%).

JSW Steel (up 0.2%) is among the top gainers today.

Over the last one year, JSL STAINLESS has moved up from Rs 433.0 to Rs 750.4, registering a gain of Rs 317.5 (up 73.3%).

On the other hand, the BSE METAL index has moved up from 21,596.4 to 32,036.0, registering a gain of 48.3% during the last 12 months.

The top gainers among the BSE METAL index stocks during this same period were Coal India (up 125.3%), Vedanta (up 95.9%) and NMDC (up 75.5%).

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What About the Benchmark Indices?

The BSE Sensex is at 82,455.4 (up 0.1%).

The top gainers among the BSE Sensex today are Bajaj Finserv (up 3.4%) and HCl Tech. (up 3.0%). The most traded stocks in the BSE Sensex are Tata Steel and ITC.

In the meantime, NSE Nifty is at 25,256.5 (up 0.1%). Bajaj Finserv and HCl Tech. are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,075.8 to 82,455.4, registering a gain of 17,379.6 points (up 26.7%).

JSL STAINLESS Financial Update...

JSL STAINLESS net profit fell 8.2% YoY to Rs 6,475 million for the quarter ended June 2024, compared to a profit of Rs 7,050 million a year ago. Net sales declined 7.4% to Rs 94,298 million during the period as against Rs 101,840 million in April-June 2023.

For the year ended March 2024, JSL STAINLESS reported 29.3% increase in net profit to Rs 26,935 million compared to net profit of Rs 20,838 million during FY23. Revenue of the company grew 8.0% to Rs 385,625 million during FY24.

The current Price to earnings ratio of JSL STAINLESS, based on rolling 12 month earnings, stands at 23.9.


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