Hot Pursuit     09-Jul-12
Jindal South West Holdings slips on profit booking
Jindal South West Holdings fell 4.17% at Rs 650.80 at 14:09 IST on BSE on profit booking after the stock jumped 24.35% in the preceding three trading sessions to Rs 679.10 on 6 July 2012 from Rs 546.10 on 3 July 2012.

Meanwhile, the BSE Sensex was up 136.25 points, or 0.78%, to 17,384.87.

On BSE, 2.42 lakh shares were traded in the counter as against an average daily volume of 29,268 shares in the past one quarter.

The stock hit a high of Rs 675.90 and a low of Rs 645.05 so far during the day. The stock had hit a 52-week high of Rs 1,092 on 15 February 2012. The stock had hit a 52-week low of Rs 356.05 on 20 December 2011.

The stock had outperformed the market over the past one month until 6 July 2012, gaining 21.66% compared with the Sensex's 6.48% rise. The scrip had, however, underperformed the market in past one quarter, falling 14.12% as against 0.20% rise in the Sensex.

The small-cap company has an equity capital of Rs 11.10 crore. Face value per share is Rs 10.

Net profit of Jindal South West Holdings rose 41.71% to Rs 2.65 crore on 77.96% rise in net sales to Rs 3.31 crore in Q4 March 2012 over Q4 March 2011.

Jindal South West Holdings (JSWHL) is a non banking financial company (NBFC) registered with Reserve Bank of India (RBI). JSWHL is an investment company of the JSW promoters group with its investment mainly in Jindal Group of companies with other companies. The main business activities is of investment in shares, stocks, or other securities in India or abroad and to provide management consultancy services.

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