Jindal Stainless (Hisar) gains 10% in 2 days on healthy volume growth in Q2

Shares of Jindal Stainless (Hisar) (JSHL) were up 7 per cent to Rs 104.15 on the BSE on Friday, gaining 10 per cent in two days, after the company reported a healthy 9 per cent year-on-year (YoY) gtowth in sales volumes to 155,470 tonnes in September quarter (Q2FY21) as against 143,139 tonnes in Q2FY20. The stock of the iron & steel products company was trading close to its 52-week high level of Rs 109.70, touched on August 21, 2020.

The company said the remarkable turnaround of auto sector, both in passenger vehicles and two-wheeler segments, aided sales volumes during the quarter.