Jindal Steel & Power lost 1.98% to Rs 274.55 at 11:32 IST on BSE after the company reported consolidated net loss of Rs 272.73 crore in Q3 December 2017, lower than net loss of Rs 453.26 crore in Q3 December 2016.
The result was announced after market hours on Thursday, 25 January 2018.Meanwhile, the S&P BSE Sensex was up 331.15 points or 0.92% at 36,381.59.
On the BSE, 9.41 lakh shares were traded on the counter so far as against average daily volumes of 11.30 lakh shares in the past one quarter. The stock had hit a high of Rs 282.95 and a low of Rs 268.75 so far during the day. The stock had hit a 52-week high of Rs 294.15 on 23 January 2018 and a 52-week low of Rs 75.60 on 27 January 2017.
The stock had outperformed the market over the past one month till 25 January 2018, gaining 51.9% compared with the Sensex's 6.22% rise. The stock had also outperformed the market over the past one quarter, advancing 69.65% as against the Sensex's 9.1% rise. The scrip had also outperformed the market over the past one year, surging 240.75% as against the Sensex's 30.11% rise.
The large-cap company has equity capital of Rs 91.64 crore. Face value per share is Rs 1.
Jindal Steel & Power's (JSPL) consolidated net sales rose 30.3% to Rs 6903.79 crore in Q3 December 2017 over Q3 December 2016.
JSPL has a dominant presence in steel, power, mining and infrastructure sectors. It caters to markets across the steel value chain.
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