Jindal Steel & Power (JSPL) share rose over 3% on Monday after the firm reported 15% growth in steel output for November. Jindal Steel stock touched an intraday high of Rs 269.3, gaining up to 3.3% on BSE. The stock has gained 2.6% in last three days.
Jindal Steel & Power stock is trading higher than 5 day, 20 day, 50 day, 100 day and 200 day moving averages.
The share has risen 90.23% in one year and gained 57.39% since the beginning of this year. In one month, the share has gained 22.37%. Market cap of the firm rose to Rs 26,959 crore on BSE.
The company clocked year-on-year growth of 15% in standalone steel production with 6,14,000 tonne in November 2020 as compared to 533,000 tonne of standalone steel production a year ago during the same period.
Standalone sales rose to 562,000 tonne in November 2020 as compared to 557,000 tonne in the previous year during the same period.
Export sales contributed to 21% of total sales volumes in November 2020. Company's exports also grew at 10% (Y-o-Y) in November 2020.
Meanwhile, Sensex rose 163 points to 46,262 and Nifty gained 38 points to 13,552 in afternoon session. In early trade, Sensex hit an all-time high of 46,346 and Nifty too logged a record high of 13,579.
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