Hot Pursuit 21-Apr-22
JSPL tumbles on buzz ED conducts searches
Jindal Steel & Power (JSPL) fell 3.43% to Rs 537.60 after the media reported that Enforcement Directorate (ED) has conducted searches at two locations of the company in Delhi & Gurgaon.
JSPL is a leading Indian infrastructure conglomerate with a presence in the steel, power, and mining sectors. On a consolidated basis, net profit of the company declined 28.30% to Rs 1616.67 crore on 35.08% rise in net sales to Rs 12544.15 crore in Q3 FY22 over Q3 FY21.
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