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JSPL Share Price: Trending stocks: Jindal Steel & Electrical power shares down above 3%

NEW DELHI: Shares of Jindal Steel & Ability Ltd. traded 3.19 for every cent down in Wednesday’s trade at 10:53AM (IST). Around 535,112 shares changed fingers on the counter.
The counter opened at Rs 163.45 and touched an intraday high and low of Rs 163.45 and Rs 155.35, respectively, in the session so significantly. Shares of the company of Jindal Steel & Electric power Ltd. quoted a 52-week high of Rs 202.4 and a 52-7 days low of Rs 62.1.
Overall market cap of the Jindal Steel & Electric power Ltd. stood at Rs 15968.35 crore at the time of crafting this report.
Jindal Steel and Electric power (JSPL) said it will offload its full stake in Oman-based subsidiary for about USD 1 billion (about Rs 7,500 crore).
Important Financials
The enterprise claimed consolidated sales of Rs 8810.68 crore for the quarter ended 31-Mar-2020, down 5.26 for each cent from former quarter’s Rs 9299.78 crore and down 13.27 for each cent from the 12 months-ago quarter’s Rs 10158.95 crore.
Shareholding pattern
As of 31-Mar-2020, domestic institutional investors held 6.96 for every cent stake in the corporation, while overseas institutional investors held 13.4 for every cent and the promoters 53.77 for each cent.
Valuation ratio
According to BSE information, the stock traded at a P/E several of -146.31 and a price-to-book ratio of .51. A larger P/E ratio reveals traders are ready to pay out a larger price mainly because of superior long run development expectations. Price-to-book value signifies the inherent value of a enterprise and is the evaluate of the price that traders are prepared to spend even for no progress in the organization.
Jindal Metal & Ability Ltd. belongs to the Metal – Integrated business.


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