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Jindal Steel & Power Ltd. Soars 1.19%, Up For Third Straight Session

02 Dec, 2024 by Special Correspondent

Jindal Steel & Power Ltd is quoting at Rs 917.25, up 1.19% on the day as at 12:49 IST on the NSE. The stock is up 34.59% in the last one year as compared to a 16.91% gain in NIFTY and a 26.17% gain in the Nifty Metal index.

Jindal Steel & Power Ltd rose for a third straight session today. The stock is quoting at Rs 917.25, up 1.19% on the day as at 12:49 IST on the NSE. The benchmark NIFTY is up around 0.22% on the day, quoting at 24184. The Sensex is at 79872.83, up 0.09%. Jindal Steel & Power Ltd has added around 0.89% in the last one month. 

Meanwhile, Nifty Metal index of which Jindal Steel & Power Ltd is a constituent, has added around 1.68% in the last one month and is currently quoting at 9034, up 0.59% on the day. The volume in the stock stood at 5.45 lakh shares today, compared to the daily average of 18.6 lakh shares in the last one month.

The benchmark December futures contract for the stock is quoting at Rs 922.2, up 1.27% on the day. Jindal Steel & Power Ltd is up 34.59% in the last one year as compared to a 16.91% gain in NIFTY and a 26.17% gain in the Nifty Metal index.

The PE of the stock is 18.07 based on TTM earnings ending September 24.

Source: Business Standard