Jindal Poly Share Price climbs Higher by 11%

Jindal Poly share price surged up by more than a massive 11 per cent in Tuesday’s trading session.

A total of 2,88,742 shares of the company have been traded on the counter of NSE aggregating to a total amount of Rs 1,080.85 lacs.

Packaging material maker Jindal Poly Films on 24^th November 2016 reported a consolidated net profit of Rs 77.1 crores for the September quarter, lower than the Rs 99.9 crores in the year-ago period.

The company's total income from operations remained flat at Rs 1,917.56 crores during the quarter under review, as against Rs 1,905.3 crores during the same period of 2015.

Jindal Poly Films manufactures polyester (PET) and polypropylene (OPP) films used in packaging.

The total expenses of the company rose to Rs 1,822.78 crores in July-September, higher than Rs 1,272.93 crores in the year-ago period, according to a regulatory filing on the exchanges.

A Quick Glimpse of the Quarterly :

Profit & Loss -Quarterly (Standalone figures in Rs. Cr.):

Sep-16	Jun-16	Mar-16	Dec-15	Sep-15
Sales	618.21	596.68	630.63	602.22	651.92
Direct Expenditure	550.62	521.18	567.25	525.6	574.36
Gross Profit	67.59	75.5	63.38	76.62	77.56
Operating Expenditure	473.87	434.53	498.92	439.99	482.68
Operating Profit	76.75	86.65	68.33	85.61	91.68
Other Income	24.75	8.16	13.2	6.52	9.38
Interest	9.16	11.15	4.95	8.99	14.12
Depreciation	18.45	16.69	15.9	14.51	13.73
Profit before tax	49.14	58.81	47.48	62.11	63.83
Tax	9	18.32	30.19	20.81	21.7
Profit After Tax	40.14	40.49	17.29	41.3	42.13
EPS (unadjusted)	9.17	9.25	3.95	9.43	9.62

Jindal Poly share price closed at Rs 367.25, up by 7.43 per cent. The intraday high and the intraday low of the share are Rs 385.80 and Rs 342.30 respectively.

Jindal Poly is one of the top 500 Shares identified by Dynamic Levels research team at the end of every quarter out of 1700 Shares of NSE.

Get the important support and resistance levels of the share at Jindal Poly share price forecast.

Market disappointed over Jindal Poly Quarter

Yesterday, Jindal Poly share price lost around 5% on NSE after it declared its quarter result for June 30th, 2016. The company’s consolidated net profit fell 39.3% to Rs 98.84 crore due to 7.9% decline in net sales to Rs 1777.03 crore in June 2016 over June 2015. 

On NSE a total of 1,68,790 shares were traded in the counter as against average daily volume of 43546 shares for twenty days. Jindal Poly share price hit a high of Rs 418.50 and a low of Rs 404 intraday yesterday 

The stock had hit a 52-week low of Rs 339.60 on 24th August 2016 and had hit a 52-week high of Rs 611.90 on 4 November 2015. The stock had underperformed the market over the past one month till 6 September 2016, advancing 2.33% compared with 3.2% rise in the Sensex and 2.99% rise in Nifty. 

The scrip had also under-performed the market in past one-quarter, declining 3.92% as against 8.22% rise in Sensex and 9.04% rise of Nifty. 

The small-cap company has equity capital of Rs 42.05 crore, and the face value per share is Rs 10. The market cap of the company stands at Rs. 1884.35 crores and the PE stands at 5.96.

Jindal Poly is among the top 500 performing shares for the quarter identified by Dynamic Levels. For details on the support and resistance levels of the stock, visit Jindal Poly share price forecast page of Dynamic Levels website.