Jindal Steel Ltd soars 3.18%, Gains for third straight session

Jindal Steel Ltd is up for a third straight session in a row. The stock is quoting at Rs 1177.3, up 3.18% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.5% on the day, quoting at 23446.5. The Sensex is at 74922.01, up 0.53%. Jindal Steel Ltd has added around 2.46% in last one month.

Meanwhile, Nifty Metal index of which Jindal Steel Ltd is a constituent, has added around 1.26% in last one month and is currently quoting at 12990.35, up 1.72% on the day. The volume in the stock stood at 6.33 lakh shares today, compared to the daily average of 7.64 lakh shares in last one month.

The benchmark September futures contract for the stock is quoting at Rs 1177, up 2.6% on the day. Jindal Steel Ltd is up 11.84% in last one year as compared to a 6.43% fall in NIFTY and a 31.34% fall in the Nifty Metal index.

The PE of the stock is 33.45 based on TTM earnings ending June 26.