JSW Steel plunged 7.11% to Rs 279.55 on 7th Nov-08,at 11:37 IST on BSE, on production cut plan.
The stock hit a high of Rs 297 and a low of Rs 273.50 so far during the day. The stock has a 52-week high of Rs 1389.70 on 13 December 2007 and a 52-week low of Rs 188 on 27 October 2008.
The company's current equity is Rs 187.05 crore. Face value per share is Rs 10.
The current price of Rs 279.55 discounts the company's Q2 September 2008 annualized EPS of Rs 67.89, by a PE multiple of 4.12.
The company has decided to reduce its total production around 20% from this month. The company will utilise the idle time for general maintenance of the facilities.
Meanwhile, the company today, on 7 November 2008 announced a 5% growth in crude steel production to 3.38 lakh tonnes in October 2008 over October 2007.
JSW Steel's net profit fell 40.6% to Rs 317.45 crore on 58.5% increase in net sales to Rs 4269.21 crore in Q2 September 2008 over Q2 September 2007.
JSW Steel is part of the O P Jindal Group with interests in mining, carbon steel, power and oxygen.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment