Hot Pursuit     15-May-23
Jindal Steel & Power Ltd down for fifth straight session
Jindal Steel & Power Ltd is quoting at Rs 571, down 0.55% on the day as on 13:19 IST on the NSE. The stock jumped 23.51% in last one year as compared to a 16.37% rally in NIFTY and a 6.41% spurt in the Nifty Media index.

Jindal Steel & Power Ltd is down for a fifth straight session today. The stock is quoting at Rs 571, down 0.55% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is up around 0.66% on the day, quoting at 18435.15. The Sensex is at 62486.75, up 0.74%.Jindal Steel & Power Ltd has added around 1.88% in last one month.Meanwhile, Nifty Media index of which Jindal Steel & Power Ltd is a constituent, has eased around 0.54% in last one month and is currently quoting at 5690.9, up 0.22% on the day. The volume in the stock stood at 6.33 lakh shares today, compared to the daily average of 16.05 lakh shares in last one month.

The benchmark May futures contract for the stock is quoting at Rs 573.5, down 0.28% on the day. Jindal Steel & Power Ltd jumped 23.51% in last one year as compared to a 16.37% rally in NIFTY and a 6.41% spurt in the Nifty Media index.

The PE of the stock is 8.52 based on TTM earnings ending December 22.

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