Jindal Steel & Power Ltd soars 1.58%, up for third straight session

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Jindal Steel & Power Ltd is quoting at Rs 318, up 1.58% on the day as on 12:49 IST on the NSE. The stock is up 257.3% in last one year as compared to a 92.34% gain in NIFTY and a 156.43% gain in the N

Jindal Steel & Power Ltd rose for a third straight session today. The stock is quoting at Rs 318, up 1.58% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.72% on the day, quoting at 14637.5. The Sensex is at 49385.54, down 0.95%. Jindal Steel & Power Ltd has dropped around 5.61% in last one month.

Meanwhile, Nifty Metal index of which Jindal Steel & Power Ltd is a constituent, has dropped around 2.34% in last one month and is currently quoting at 3832.5, up 0.13% on the day. The volume in the stock stood at 54.12 lakh shares today, compared to the daily average of 81.9 lakh shares in last one month.

The benchmark March futures contract for the stock is quoting at Rs 318, up 1.37% on the day. Jindal Steel & Power Ltd is up 257.3% in last one year as compared to a 92.34% gain in NIFTY and a 156.43% gain in the Nifty Metal index.

The PE of the stock is 7.69 based on TTM earnings ending December 20.

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