Jindal Stainless surges on reporting 45% rise in Q1 consolidated net profit
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
Jindal Stainless is currently trading at Rs. 385.00, up by 7.80 points or 2.07% from its previous closing of Rs. 377.20 on the BSE.
The scrip opened at Rs. 380.55 and has touched a high and low of Rs. 386.55 and Rs. 380.55 respectively. So far 19214 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 386.55 on 27-Jul-2023 and a 52 week low of Rs. 112.85 on 27-Jul-2022.
Last one week high and low of the scrip stood at Rs. 386.55 and Rs. 358.00 respectively. The current market cap of the company is Rs. 31694.00 crore.
The promoters holding in the company stood at 57.94%, while Institutions and Non-Institutions held 28.21% and 12.95% respectively.
Jindal Stainless has reported 46.75% rise in its net profit at Rs 665.66 crore for first quarter ended June 30, 2023 as compared to Rs 453.60 crore for the same quarter in the previous year. Total income of the company increased by 25.15% at Rs 10,071.65 crore for Q1FY24 as compared Rs 8,047.52 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported 45.22% rise in net profit at Rs 737.58 crore for the quarter ended June 30, 2023 as compared to Rs 507.89 crore for the same quarter in the previous year. Total income of the company increased by 25.60% at Rs 10,227.20 crore for Q1FY24 as compared Rs 8,142.45 crore for the corresponding quarter previous year.
