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JSPL tumbles on buzz of SC order

Capital Market 

Jindal Steel & Power (JSPL) fell 9.03% to Rs 145 after the Supreme Court on Tuesday, 3 December 2019, reportedly refused to allow the sale of Jindal Iron Ore stock.

Meanwhile, the S&P BSE Sensex was down 111 points or 0.27% to 40691.36.

On the BSE, 17.81 lakh shares were traded in the counter so far compared with average daily volumes of 14.24 lakh shares in the past two weeks. The stock hit a high of Rs 159.40 and a low of Rs 142.65 so far during the day.

The stock hit a 52-week high of Rs 190.45 on 18 Apr 2019. The stock hit a 52-week low of Rs 91.1 on 04 Sep 2019.

The large cap company has equity capital of Rs 102.00 crore. Face value per share is Rs 1.

On a consolidated basis, JSPL reported net loss of Rs 300.50 crore in Q2 September 2019 as against net profit of Rs 343.67 crore in Q2 September 2018. Net sales declined 10.45% to Rs 8939.47 crore in Q2 September 2019 over Q2 September 2018.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, December 03 2019. 11:27 IST