Jindal Steel & Power Ltd down for fifth straight session

The stock is quoting at Rs 156.05, down 2.5% on the day as on 13:19 IST on the NSE. Jindal Steel & Power Ltd tumbled 9.69% in last one year as compared to a 2.83% rally in NIFTY and a 15.74% fall in the Nifty Metal index.

Jindal Steel & Power Ltd is down for a fifth straight session today. The stock is quoting at 156.05, down 2.5% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is up around 0.33% on the day, quoting at 10663.5. The Sensex is at 35459.4, up 0.3%.Jindal Steel & Power Ltd has lost around 7.96% in last one month.Meanwhile, Nifty Metal index of which Jindal Steel & Power Ltd is a constituent, has eased around 6.58% in last one month and is currently quoting at 3172.3, down 0.77% on the day. The volume in the stock stood at 140.84 lakh shares today, compared to the daily average of 92.12 lakh shares in last one month.

 

The benchmark November futures contract for the stock is quoting at Rs 156.65, down 2.37% on the day. Jindal Steel & Power Ltd tumbled 9.69% in last one year as compared to a 2.83% rally in NIFTY and a 15.74% fall in the Nifty Metal index.

The PE of the stock is 20.97 based on TTM earnings ending September 18.

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