JSW Steel Ltd spurts 1.16%

JSW Steel Ltd is up for a third straight session in a row. The stock is quoting at Rs 1268, up 1.16% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.24% on the day, quoting at 23325.6. The Sensex is at 74505.4, up 0.26%. JSW Steel Ltd has dropped around 1.38% in last one month.

Meanwhile, Nifty Metal index of which JSW Steel Ltd is a constituent, has dropped around 0.33% in last one month and is currently quoting at 12858.45, up 0.94% on the day. The volume in the stock stood at 8.55 lakh shares today, compared to the daily average of 16.81 lakh shares in last one month.

The benchmark September futures contract for the stock is quoting at Rs 1270.4, up 0.84% on the day. JSW Steel Ltd is up 12.93% in last one year as compared to a 7.9% drop in NIFTY and a 29.93% drop in the Nifty Metal index.

The PE of the stock is 40.78 based on TTM earnings ending June 26.