Home News Indian Stock Market News JSPL Share Price: Stock market news: Jindal Steel & Power share price rises nearly 2%

JSPL Share Price: Stock market news: Jindal Steel & Power share price rises nearly 2%

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JSPL Share Price: Stock market news: Jindal Steel & Power share price rises nearly 2%
NEW DELHI: Shares of Jindal Metal & Energy Ltd. traded 2.16 per cent up in Monday’s commerce at 11:08AM (IST). Round 159,957 shares modified arms on the counter.

The scrip opened at Rs 338.0 and touched an intraday excessive and low of Rs 343.5 and Rs 332.8, respectively, within the session thus far. Shares of the corporate of Jindal Metal & Energy Ltd. quoted a 52-week excessive of Rs 346.95 and a 52-week low of Rs 62.1.

Complete market cap of the Jindal Metal & Energy stood at Rs 34,879.45 crore on the time of scripting this report.

Key Financials

The corporate reported consolidated gross sales of Rs 10,898.7 crore for the quarter ended 31-Dec-2020, up 19.28 per cent from earlier quarter’s Rs 9,137.43 crore and up 17.19 per cent from the year-ago quarter’s Rs 9,299.82 crore.

The web revenue for up to date quarter stood at Rs 2,254.66 crore.

Shareholding sample

As of 31-Dec-2020, home institutional buyers held 11.79 per cent stake within the firm, whereas overseas institutional buyers held 11.52 per cent and the promoters 53.77 per cent.

Valuation ratio

In response to BSE knowledge, the inventory traded at a P/E a number of of 16.84 and a price-to-book ratio of 0.26. The next P/E ratio exhibits buyers are prepared to pay the next value due to higher future development expectations. Worth-to-book worth signifies the inherent worth of an organization and is the measure of the worth that buyers are able to pay even for no development within the enterprise.

Jindal Metal & Energy Ltd. belongs to the Metal – Built-in trade.

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