Jindal Steel advances over 2% as net loss lowers in Quarter 1

On Wednesday, shares of Jindal Steel and Power BSE 2.08 % advanced as much as 2.80 per cent in early trade after a net loss of the company went down to Rs 420.40 crore for the quarter 1 of the financial year 2017. The company has posted a consolidated net loss of Rs 1,238 crore during the first quarter of 2016.

The shares of the company opened at Rs 141. The shares touched a high of Rs 143.60 and low of Rs 138.45. The scrip was trading 1.54 per cent up at Rs 141.85 in trade so far. It was found that benchmark BSE Sensex was down 82 points at Rs 31,931.32. It was low by 0.26 per cent. The combined total income of the company raised to Rs 6,126.6 crore in the first quarter of the present financial year. Earlier, in the year ago quarter, the consolidated total income of the company was Rs 5,124.7 crore. So far, on the BSE, 9.55 lakh shares were traded in the counter. The shares were compared with average daily volumes of 21.67 lakh shares in the past two weeks.

On August 2, 2017, the stock hit a 52-week high of Rs 159. And on November 9, 2016, the stock hit a 52-week low of Rs 62.55. 

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