Key Highlights about the Performance :
- Steel sales of 5.25lakh tonnes increased 5% Y-o-Y in May
- Production of 6.98 lakh tonnes were marginally higher Y-o-Y
- Exports accounted for 21% of sales in May 22
Notwithstanding challenging demand conditions and constant issues faced with regards to railway rake availability, JSP did well to report a 5% Y-o-Y increase in steel sales in the month of May 22. Monthly steel production was also up by a modest 1% (Y-o-Y). Exports accounted for 21% of steel sales for the May month. In Apr-May period, JSP reported steel sales of 9.91 lakh tonnes and production of 13.76 lakh tonnes. Exports accounted for 18% of the sales in the first two months of FY23.
Shares of Jindal Steel & Power Ltd was last traded in BSE at ₹348.10 as compared to the previous close of ₹350.35. The total number of shares traded during the day was 194181 in over 3819 trades.
The stock last hit in BSE,
- Intraday High of ₹ 358.60
- Intraday low of ₹ 346.65