JSPL slips after weak Q2 outcome

Jindal Steel & Power fell 1.12% to Rs 237.90 at 14:47 IST on BSE after consolidated net profit tumbled 49.62% to Rs 452.07 crore on 4.96% increase in total income to Rs 4968.71 crore in Q2 September 2013 over Q2 September 2012.

The result was announced during trading hours today, 30 October 2013.

Meanwhile, the BSE Sensex was up 72.06 points, or 0.34%, to 21,001.07.

On BSE, 1.50 lakh shares were traded in the counter compared with average volume of 3.22 lakh shares in the past one quarter.

The stock hit a high of Rs 243.50 and a low of Rs 236.60 so far during the day. The stock hit a 52-week high of Rs 473.90 on 20 December 2012. 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 29 October 2013, rising 1.73% compared with the Sensex's 6.09% rise. The scrip had, however, outperformed the market in past one quarter, rising 20.69% as against Sensex's 6.82% rise.

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

Jindal Steel and 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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