Established by Shri O.P Jindal in 1970, Jindal Stainless is one of the largest stainless steel corporations in India and ranks amongst the top 10 stainless steel conglomerates in the world. It’s not only the magnitude of their operations that determines their credibility and name, but they remain inspired by their vision for innovation and enriching lives. Jindal Stainless Group has an annual crude steel capacity of 1.8 MTPA and the group has a yearly turnover of Rs 14,500 crores.
Today, Jindal Stainless Hisar share price soared over 9 percent to trade at the intraday high of Rs. 101.45.
The company’s growth has been backed by the excellence of their people, value driven business operations, customer centricity, adoption of one of the top safety practices in the stainless steel industry and a commitment for social responsibility. Jindal Stainless (Hisar) Ltd is in the Metals sector, having a market cap of Rs. 2,188.29 crores as on 9th December 2016. It has reported the sales of Rs. 1,545.15 crores and a net profit of Rs. 52.95 crores for the quarter ended September 2016. The company has also posted the EPS of Rs. 2.28 as compared to the Rs. 2.14 EPS in June quarter.
Meanwhile, the stock closed at Rs. 98.50, up by 6.20 per cent on NSE.
The standalone PE ratio of the company for FY 15-16 is seen at 149.98 while the consolidate PE ratio for the same period is 86.05. The standalone trailing PE of the company is 19.47. The promoters holding pledged of Jindal Stainless Hisar is 66.09 per cent as on30th September 2016
Jindal Stainless stock has a face value Rs. 2 per share & book value of Rs. 24.34. Currently the stock is trading above its 50 DMA and has breached both the resistance levels in today’s trade. The stock has a beta of 1.13.
Jindal Stainless Hisar is one of the top 500 performing stock for the quarter as recommended by Dynamic Levels. For the details on the stock, visit Jindal Stainless Hisar share price history page of Dynamic Levels.
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