Jindal Steel Ltd spurts 1.48%, up for fifth straight session

Jindal Steel Ltd gained for a fifth straight session today. The stock is quoting at Rs 1121.3, up 1.48% on the day as on 12:39 IST on the NSE. The benchmark NIFTY is up around 0.01% on the day, quoting at 23813.75. The Sensex is at 76963.8, up 0.06%. Jindal Steel Ltd has gained around 2.19% in last one month.

Meanwhile, Nifty Metal index of which Jindal Steel Ltd is a constituent, has gained around 1.73% in last one month and is currently quoting at 12146.15, up 1.12% on the day. The volume in the stock stood at 4.29 lakh shares today, compared to the daily average of 13.68 lakh shares in last one month.

The benchmark November futures contract for the stock is quoting at Rs 1125.2, up 1.27% on the day. Jindal Steel Ltd is up 7.25% in last one year as compared to a 6.65% slide in NIFTY and a 19.46% slide in the Nifty Metal index.

The PE of the stock is 32.91 based on TTM earnings ending September 26.

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