JSPL reported a 12% QoQ hike in sales for Q1 FY21

JSPL reported a 12% QoQ hike in sales for Q1 FY21

JSPL reported a 12% QoQ hike in sales for Q1 FY21

Kolkata: To begin with, Jindal Steel & Power Limited (JSPL) posted a 12% (QoQ) rise in sales volumes. Also, it has witnessed an 8% (QoQ) hike in standalone steel production during Q1 FY21. 

On the other hand, the export sales of the company contributed to 58% of the total sales volume. Also, the consolidated sales of the company stood up to 7% (QoQ) during Q1 FY21. 

Significantly, in the last 100 days, the company exported more than one million tonnes. This was possible with the consistent support of Indian Railways, port authorities, and a slew of pro-industry measures taken by the Ministry of Steel

July 10th Stock Market Details:

On July 10th, both the Sensex and the Nifty traded bearishly in the stock market. The Sensex lost 131.79 points and reached 36,605.81 levels with a 0.40% loss. On the other side, the Nifty lost 31.55 points and reached 10,773.00 levels with a 0.37% loss.

Besides, as of July 12th, the number of confirmed COVID-19 cases across India has reached 8,49,553. Also, the number of deaths in the country has reached 22,674.

In the border market, the S&P BSE Midcap index lost 15.71 points with a 0.12% loss and reached a 13,483.11 level. Also, the S&P BSE Smallcap index lost 9.01 points with a 0.068% loss and reached a 12,885.39 level. At the same time, the Nifty Bank lost 241.00 points with a 1.04% fall and reached 22,669.15 level.

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