Jindal Steel & Power Ltd (JSPL) saw a 14% drop in share price to Rs 724 following a 51% year-on-year decline in net profit to Rs 951 crore for Q3. Weak steel prices and cheaper imports impacted earnings, despite a 5% rise in sales volume. EBITDA fell 24%, with revenues flat at Rs 13,707 crore.
In an unusual pattern, India’s stock gauge moves in sync with volatility index for days
The Nifty 50 Index has fallen 14% from its September peak due to concerns over steep valuations and disappointing corporate earnings. At the same time,
February 27, 2025