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Jindal Steel & Power Ltd gains for third straight session
02-Mar-24   13:05 Hrs IST

Jindal Steel & Power Ltd is up for a third straight session today. The stock is quoting at Rs 838.5, up 1.9% on the day as on 12:48 IST on the NSE. The benchmark NIFTY is up around 0.18% on the day, quoting at 22378.4. The Sensex is at 73806.15, up 0.08%. Jindal Steel & Power Ltd has gained around 9.88% in last one month.

Meanwhile, Nifty Metal index of which Jindal Steel & Power Ltd is a constituent, has gained around 2.81% in last one month and is currently quoting at 8208.5, up 1.58% on the day. The volume in the stock stood at 4.78 lakh shares today, compared to the daily average of 23.82 lakh shares in last one month.

The benchmark March futures contract for the stock is quoting at Rs 842.3, up 1.75% on the day. Jindal Steel & Power Ltd is up 42.35% in last one year as compared to a 27.19% jump in NIFTY and a 47.11% jump in the Nifty Metal index.

The PE of the stock is 17.17 based on TTM earnings ending December 23.

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