Jindal Stainless (Hisar) scales 52-week high on robust Q4 show

In the post-pandemic period, JSHL looks forward to increased government procurement as one of the key growth drivers

Shares of Jindal Stainless (Hisar) Ltd (JSHL) jumped nearly 7 per cent to hit a 52-week high of Rs 192.95 on the BSE in Wednesday's intra-day trade following a strong performance in the March quarter.

The company reported an over three-fold jump in its consolidated net profit at Rs 350.65 crore for the quarter ended March 31, 2021, mainly on account of increased income, as against Rs 108.35 crore posted in the same quarter last fiscal.

Its total income during the quarter under review rose to Rs 3,128.20 crore from Rs 2,297.94 crore in the year-ago period. For Q4FY21, JSHL reported consolidated