SUMANSPEAKS | ESTD 2006 | CAPITAL MARKETS INTELLIGENCE JUNE 2025 | MACROECONOMICS & GLOBAL FINANCE SumanSpeaks Independent Capital Markets Intelligence · Estd 2006 sumanspeaks.blogspot.com Macro Currents | Currency Architecture | Geopolitical Finance The Multipolar Currency Dream Meets Economic Reality Why the rupee's march to global trade currency status will be measured in decades, not headlines Much has been written about the emergence of a multipolar currency system and the gradual erosion of US dollar dominance. The narrative is undeniably seductive: greater monetary sovereignty, reduced exposure to American sanctions architecture, and a s...
JSPL recovers on bargain hunting
Jindal Steel & Power rose 3% to Rs 348 at 11:10 IST on BSE, with the stock recovering on bargain hunting after 4-day 6.13% slide.
Meanwhile, the S&P BSE Sensex was up 132.86 points or 0.7% at 19,017.05.
On BSE, 82,000 shares were traded in the counter as against average daily volume of 1.59 lakh shares in the past one quarter.
The stock hit a high of Rs 348.75 and a low of Rs 341 so far during the day. The stock had hit a 52-week low of Rs 321.10 on 12 September 2012. The stock had hit a 52-week high of Rs 591 on 20 March 2012.
The stock had underperformed the market over the past one month till 20 March 2013, sliding 8.87% compared with the Sensex's 3.86% fall. The scrip had also underperformed the market in past one quarter, declining 28.24% as against Sensex's 2.93% slide.
The large-cap company has equity capital of Rs 93.48 crore. Face value per share is Re 1.
Shares of Jindal Steel & Power (JSPL) had declined 6.13% in four trading sessions to settle at Rs 337.85 on Wednesday, 20 March 2013, from a recent high of Rs 359.95 on 14 March 2013.
JSPL's consolidated net profit declined 13% to Rs 867.27 crore on 7.6% growth in net sales to Rs 4683.31 crore in Q3 December 2012 over Q3 December 2011.
JSPL is one of India's major steel producers with a significant presence in sectors like mining, power generation and infrastructure.
Meanwhile, the S&P BSE Sensex was up 132.86 points or 0.7% at 19,017.05.
On BSE, 82,000 shares were traded in the counter as against average daily volume of 1.59 lakh shares in the past one quarter.
The stock hit a high of Rs 348.75 and a low of Rs 341 so far during the day. The stock had hit a 52-week low of Rs 321.10 on 12 September 2012. The stock had hit a 52-week high of Rs 591 on 20 March 2012.
The stock had underperformed the market over the past one month till 20 March 2013, sliding 8.87% compared with the Sensex's 3.86% fall. The scrip had also underperformed the market in past one quarter, declining 28.24% as against Sensex's 2.93% slide.
The large-cap company has equity capital of Rs 93.48 crore. Face value per share is Re 1.
Shares of Jindal Steel & Power (JSPL) had declined 6.13% in four trading sessions to settle at Rs 337.85 on Wednesday, 20 March 2013, from a recent high of Rs 359.95 on 14 March 2013.
JSPL's consolidated net profit declined 13% to Rs 867.27 crore on 7.6% growth in net sales to Rs 4683.31 crore in Q3 December 2012 over Q3 December 2011.
JSPL is one of India's major steel producers with a significant presence in sectors like mining, power generation and infrastructure.
Courtesy: IIFL
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