News Power

Jindal Steel & Power Ltd rises for third straight session

[ad_1]



Jindal Steel & Power Ltd is quoting at Rs 394.1, up 4.48% on the day as on 12:49 IST on the NSE. The stock is down 8.72% in last one year as compared to a 8.53% jump in NIFTY and a 4.76% jump in the Nifty Media index.

Jindal Steel & Power Ltd rose for a third straight session today. The stock is quoting at Rs 394.1, up 4.48% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 1.05% on the day, quoting at 17107.4. The Sensex is at 57433.63, up 1.01%. Jindal Steel & Power Ltd has gained around 19.7% in last one month.

Meanwhile, Nifty Media index of which Jindal Steel & Power Ltd is a constituent, has gained around 17.91% in last one month and is currently quoting at 5282.1, up 4.04% on the day. The volume in the stock stood at 48.16 lakh shares today, compared to the daily average of 51.98 lakh shares in last one month.

The benchmark August futures contract for the stock is quoting at Rs 394.25, up 4.22% on the day. Jindal Steel & Power Ltd is down 8.72% in last one year as compared to a 8.53% jump in NIFTY and a 4.76% jump in the Nifty Media index.

The PE of the stock is 4.86 based on TTM earnings ending June 22.

Powered by Capital Market – Live News

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor



[ad_2]

Source link