Jindal Steel Ltd rises for third straight session

Jindal Steel Ltd is up for a third straight session today. The stock is quoting at Rs 1099.3, up 3.59% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 1.06% on the day, quoting at 23297. The Sensex is at 75277.24, up 1.1%. Jindal Steel Ltd has gained around 0.18% in last one month.

Meanwhile, Nifty Metal index of which Jindal Steel Ltd is a constituent, has gained around 3.43% in last one month and is currently quoting at 11784.9, up 2.41% on the day. The volume in the stock stood at 14.95 lakh shares today, compared to the daily average of 12.6 lakh shares in last one month.

The benchmark November futures contract for the stock is quoting at Rs 1105.3, up 3.88% on the day. Jindal Steel Ltd is up 2.07% in last one year as compared to a 9.57% slide in NIFTY and a 13.3% slide in the Nifty Metal index.

The PE of the stock is 31.55 based on TTM earnings ending September 26.

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