Shares of Jindal Steel climbed on August 19th: Stocks

Shares of Jindal Steel climbed on August 19th: Stocks

Shares of Jindal Steel climbed on August 19th: Stocks

New Delhi: To begin with, the shares of Jindal Steel & Power Limited climbed by 0.87% in the session today. Nearly, 1,86,325 shares exchanged hands on the counter.

Significantly, the stock opened at Rs. 226.90 and reached a high of Rs. 228.40. As well as it reached a low of Rs. 225.20 per equity share. However, the shares of the company quoted at the 52-week high value of Rs. 228.40. It also quoted a 52-week low value of Rs. 62.10 in the trade.

According to the records, the total market capitalization of the company reached Rs. 23,133.96 crores.

On the other side, the company reported a consolidated net sales of Rs. 9,278.77 crores as of June 2020. Up to 5.31% from the previous quarter, which stood at Rs. 8,810.68 crores.

As of June 2020, the promoters of the company held 53.77% of its stake. The FIIs and DIIs held 12.02% and 9.78% respectively. 

Moreover, the shares of the company traded at a price-to-earnings multiple of 358.50. So then, the price-to-book ratio stood at 0.74.

August 19th Stock Market Details:

On August 19th, both the Sensex and the Nifty traded at a bullish trend in the stock market. The Sensex gained 190.16 points and reached 38,719.66 levels with a 0.49% profit. On the other side, the Nifty gained 53.45 points and reached 11,438.95 levels with a 0.47% profit.

In the border market, the S&P BSE Midcap index gained 132.70 points with a 0.91% profit and reached 14,785.80 levels. Also, the S&P BSE Smallcap index gained 131.47 points with a 0.91% profit and reached a 14,283.76 level.

Besides, as of August 19th, the number of confirmed COVID-19 cases across India has reached 27,67,273. Also, the number of deaths in the country has reached 52,889.

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