Jindal Steel & Power Ltd down for fifth straight session

Jindal Steel & Power Ltd is down for a fifth straight session today. The stock is quoting at Rs 966.9, down 1.05% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 0.62% on the day, quoting at 24558. The Sensex is at 80224.7, down 0.7%.Jindal Steel & Power Ltd has lost around 1.77% in last one month.Meanwhile, Nifty Metal index of which Jindal Steel & Power Ltd is a constituent, has eased around 1.88% in last one month and is currently quoting at 9280.05, down 0.51% on the day. The volume in the stock stood at 3.32 lakh shares today, compared to the daily average of 19.32 lakh shares in last one month.

The benchmark August futures contract for the stock is quoting at Rs 966.3, down 1.13% on the day. Jindal Steel & Power Ltd jumped 0.67% in last one year as compared to a 2.36% slide in NIFTY and a 1.47% fall in the Nifty Metal index.

The PE of the stock is 20.57 based on TTM earnings ending June 25.

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