Jindal Steel and Power soars on reporting 34% rise in output in Q4FY21
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Jindal Steel & Power is currently trading at Rs. 389.60, up by 7.00 points or 1.83% from its previous closing of Rs. 382.60 on the BSE.
The scrip opened at Rs. 394.80 and has touched a high and low of Rs. 397.00 and Rs. 385.85 respectively. So far 273810 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 397.00 on 06-Apr-2021 and a 52 week low of Rs. 66.00 on 07-Apr-2020.
Last one week high and low of the scrip stood at Rs. 397.00 and Rs. 333.70 respectively. The current market cap of the company is Rs. 39744.92 crore.
The promoters holding in the company stood at 60.47%, while Institutions and Non-Institutions held 26.91% and 12.62% respectively.
Jindal Steel and Power (JSPL) has reported a 34.41 percent rise in its output, and the sales grew 37.41 percent during the quarter ended March 31 (Q4). During the January-March period of 2020-21, the company produced 2.07 million tonne (MT) of steel, compared to 1.54 MT in the year-ago quarter. Its sales during the quarter rose to 1.91 MT from 1.39 MT a year ago.
For the entire FY21, the company's output stood at 7.51 MT, up 19.20 percent from 6.30 MT in the preceding fiscal. Its sales registered a 20.13 percent rise to 7.28 MT as compared to 6.06 MT in FY20. In March alone, the company said its production rose to 7.30 lakh tonne (LT), registering a 21 per cent year-on-year growth. The sales in March 2021 were 61 per cent higher at 7.86 LT over the same month last year.
JSPL is one of India’s fastest growing and largest integrated steel manufacturers, significantly present in Steel, Power Generation and Infrastructure segments and catering to a large part of India's domestic energy and infrastructure requirement.
