JSW Holdings share price drops on dismal Q2 results

JSW Holdings share price dropped 2.07 per cent to Rs.1,255.60 on the BSE after the company reported 22.63 per cent fall in net profit to Rs 15.56 cr on 16.97 per cent decline in income from operations to Rs 22.01 cr in Q2 September 2016 as against Q2 September 2015. The result was announced during market hours today, 21^st October 2016.

Meanwhile, the S&P BSE Sensex was down 0.43 per cent or 121.20 points at 28,008.64.

On the NSE, so far 30,150 shares were traded in the counter as against average daily volume of 2,356 shares in the past one quarter. The stock hit a high of Rs 1,290.00 and a low of Rs 1,248.60 so far during the day. The stock hit a 52-week high of Rs 1,396 on 15^th July 2016. The stock hit a 52-week low of Rs 929.80 on 9^th November 2015. The stock had outperformed the market over the past one month till 20^th October 2016, rising 0.56 per cent compared with 1.38 per cent decline in the Sensex. However, the scrip had underperformed the market in past one quarter, dipping 3.41 per cent as against Sensex's 0.77 per cent rise.

The mid-cap company has equity capital of Rs.11.10 cr. Face value per share is Rs.10.

JSW Holdings is the investment arm of the JSW Group. The JSW Group ranks amongst the leading conglomerates in the nation, with presence across the important sectors of the Indian economy. They are a 11 billion-dollar conglomerate, with presence across India, South America & Africa, USA, the JSW group is part of the O.P. Jindal Group with firm footprints across Steel, Infrastructure, Cement, Energy, Ventures and Sports.

For details on support and resistance levels of the scrip and also its fundamentals and financials, kindly pay a visit to JSW Holdings share price history.