Intrinsic Value

Stock has not been able to generate better return on equity than bank FD

Returns vs FD rates

Stock doesn't offer attractive dividend returns

Dividend Returns

Good time to consider, as stock is not in overbought zone

Entry Point

Red Flags Found

National Aluminium and Tata Steel were also trading over 1% higher. Vedanta and SAIL were also bullish. Ratnamani and Welspun Corp dragged the sector.

Nifty Metal stocks edge higher; NMDC, Hindustan Zinc, and Jindal Steel lead the sectorial gains

A public hearing was held for Jindal Steel Works’ proposed integrated steel plant in Odisha’s Jagatsinghpur district, officials said. The JSW has proposed a “world-class” 12-million-tonne-per-annum (MTPA) facility, 900 MW power plant and a captive port in 3,000 acres of land at an estimated cost of …

Public hearing held for JSW project in Odisha

Jindal Steel & Power Ltd is quoting at Rs 374.3, down 1.99% on the day as on 13:24 IST on the NSE. The stock jumped 60.2% in last one year as compared to a 39.18% rally in NIFTY and a 98.17% spurt in the Nifty Metal index.

Jindal Steel & Power Ltd drops around 2%

Welspun Corp, SAIL, Tata Steel, National Aluminium, and Jindal Steel were also under heavy pressure. Hindustan Zinc, Ratnamani limit losses.

Nifty Metal index tanks 2.2%; Vedanta plunges over 7.5%

Jindal Steel & Power (JSPL) reported a 7% year on year increase in its steel production to 6.24 lakh tonnes in October 2021 compared to 5.85 lakh tonnes produced during the same period in the previous year.

JSPL Oct production rises 7% YoY, sales decline 1% YoY

Here are the stocks to watch in trade today...

Stocks To Watch: Macrotech, Cipla, Phoenix Mills, Jindal Steel, Escorts

Jindal Steel and Hindustan Zinc traded on a muted note.

Nifty Metal pares early gains to trade flat; Vedanta, Adani Enterprises lead the gains

Adani Enterprises, JSW Steel, Tata Steel, and Jindal Steel, were also bullish. Welspun Corp was under pressure.

Nifty Metal Index rises 1% amid volatile markets; Hindalco, Vedanta lift performance

Jindal Steel and Power reported a consolidated net profit from continuing operations of Rs 2,584 crore, up 2.8 times during the September quarter of FY22, as against a net profit of Rs 896.93 crore reported in the same period last year, on the back of higher volumes and an all-time high steel prices. JSPL’s net profit was around Rs 2,515 crore in the previous quarter of FY22. The company’s total revenue from operations was at Rs 13,611 crore, up 67 per cent year-on-year. The company reported an operating profit (Ebitda) of Rs 4,594 crore up 91% YoY. Speaking to ET NOW, VR Sharma, MD, JSPL gives details about the earnings of the company and its future plans. Watch the full interview here.
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Earnings With ET NOW | A Robust Show In Q2; Outlook On Margin Expansion | VR Sharma, JSPL

Jindal Steel and Power Q2 results: Net profit jumps nearly three-fold to Rs 2,584 cr; sales cross 2 MT-mark

Its net profit was Rs 897 crore in the year-ago period, Jindal Steel and Power Limited (JSPL) said in a regulatory filing

Jindal Steel and Power posts nearly 3-fold jump in Q2 profit to Rs 2,584 cr

Jindal Steel and Power Limited is a steel producer. The company's segments include Iron & Steel, Power and Other.

Jindal Steel And Power Ltd

Jindal Steel And Power Ltd

Intrinsic Value
Intrinsic value is the calculated value of the company and may differ from current stock price. If intrinsic value > current price, price increase is expected in the future to reduce the gap and vice-versa

Returns vs FD rates
Fixed Deposit rate is a virtually risk-free rate where the investor assumes almost no risk on their investment. If stock's return on equity is lower than this rate, investors are better off investing the amount in a FD

Dividend Returns
A dividend is the distribution of reward from a portion of company's earnings and is paid to its shareholders. Good dividend returns indicate good health and outlook for the company

Entry Point
High demand for a stock increases its price. If the price is pushed up to a level which is not justified, then it's considered to be in the overbought zone, which is not a good time to buy the stock

News & Opinions

Nifty Metal stocks edge higher; NMDC, Hindustan Zinc, and Jindal Steel lead the sectorial gains

Public hearing held for JSW project in Odisha

Jindal Steel & Power Ltd drops around 2%

Nifty Metal index tanks 2.2%; Vedanta plunges over 7.5%

JSPL Oct production rises 7% YoY, sales decline 1% YoY

Stocks To Watch: Macrotech, Cipla, Phoenix Mills, Jindal Steel, Escorts

Nifty Metal pares early gains to trade flat; Vedanta, Adani Enterprises lead the gains

Nifty Metal Index rises 1% amid volatile markets; Hindalco, Vedanta lift performance

News Video

Earnings With ET NOW | A Robust Show In Q2; Outlook On Margin Expansion | VR Sharma, JSPL

Jindal Steel And Power Ltd

Intrinsic ValueIntrinsic value is the calculated value of the company and may differ from current stock price. If intrinsic value > current price, price increase is expected in the future to reduce the gap and vice-versa

Returns vs FD ratesFixed Deposit rate is a virtually risk-free rate where the investor assumes almost no risk on their investment. If stock's return on equity is lower than this rate, investors are better off investing the amount in a FD

Dividend ReturnsA dividend is the distribution of reward from a portion of company's earnings and is paid to its shareholders. Good dividend returns indicate good health and outlook for the company

Entry PointHigh demand for a stock increases its price. If the price is pushed up to a level which is not justified, then it's considered to be in the overbought zone, which is not a good time to buy the stock

News & Opinions

Nifty Metal stocks edge higher; NMDC, Hindustan Zinc, and Jindal Steel lead the sectorial gains

Public hearing held for JSW project in Odisha

Jindal Steel & Power Ltd drops around 2%

Nifty Metal index tanks 2.2%; Vedanta plunges over 7.5%

JSPL Oct production rises 7% YoY, sales decline 1% YoY

Stocks To Watch: Macrotech, Cipla, Phoenix Mills, Jindal Steel, Escorts

Nifty Metal pares early gains to trade flat; Vedanta, Adani Enterprises lead the gains

Nifty Metal Index rises 1% amid volatile markets; Hindalco, Vedanta lift performance

News Video

Earnings With ET NOW | A Robust Show In Q2; Outlook On Margin Expansion | VR Sharma, JSPL

Intrinsic Value
Intrinsic value is the calculated value of the company and may differ from current stock price. If intrinsic value > current price, price increase is expected in the future to reduce the gap and vice-versa

Returns vs FD rates
Fixed Deposit rate is a virtually risk-free rate where the investor assumes almost no risk on their investment. If stock's return on equity is lower than this rate, investors are better off investing the amount in a FD

Dividend Returns
A dividend is the distribution of reward from a portion of company's earnings and is paid to its shareholders. Good dividend returns indicate good health and outlook for the company

Entry Point
High demand for a stock increases its price. If the price is pushed up to a level which is not justified, then it's considered to be in the overbought zone, which is not a good time to buy the stock