JSPL gains after Q3 results

Jindal Steel & Power rose 1.79% to Rs 258.35 at 15:16 IST on BSE after consolidated net profit fell 35.26% to Rs 561.51 crore on 11.89% increase in total income to Rs 5385.18 crore in Q3 December 2013 over Q3 December 2012.

The company announced the results during trading hours today, 28 January 2014.

Meanwhile, the BSE Sensex was down 34.09 points, or 0.16%, to 20,673.36.

On BSE, so far 3.43 lakh shares were traded in the counter, compared with an average volume of 2.70 lakh shares in the past one quarter.

The stock hit a high of Rs 261 and a low of Rs 250.50 so far during the day. The stock hit a 52-week high of Rs 441.90 on 29 January 2013. The stock hit a 52-week low of Rs 181.55 on 2 August 2013.

The stock had underperformed the market over the past one month till 27 January 2014, sliding 3.20% compared with the Sensex's 2.29% fall. The scrip had, however, outperformed the market in past one quarter, rising 6.46% as against Sensex's 0.12% rise.

The large-cap company has an equity capital of Rs 93.48 crore. Face value per share is Re 1.

Jindal Steel & Power (JSPL) is one of India's major steel producers with a significant presence in sectors like mining, power generation and infrastructure.

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