Quotes with Resistance & Support

Market Information

JSW Steel zooms 11%, company gets back in black

This article was posted on May 7, 2009 and is filed under Stock News

JSW Steel has rallied on news that the company today reported turnaround in net profit as against a loss of Rs 49 crore reported in the quarter ended December, 2008. The stock has zoomed over 11% to Rs 424 on volumes of around 2.13 million shares so far on the BSE. Earlier in the day, the stock opened at Rs 384, and touched a low of Rs 373.

According to a release issued by the company to the BSE, on year-on-year comparisions – the net profit has slumped 87% to Rs 49.20 crore for the quarter ended March 31, 2009 from Rs 370.18 crore in the corresponding quarter a year ago.

The total income also declined 7% to Rs 3328.80 crore for Q4FY09 as against Rs 3568.20 crore in Q4FY08.

source: Business-Standard

Tags: Indian Stocks, jsw steel, jsw steel results, nse market, share market

Note: The Credit of this post goes to the original witters of this post and not to NSEGUIDE

Similar Posts:

Email this Post to your friends

Breakouts

+ve » Positive / -ve » Negative

+ve 30 DMA 50 DMA 150 DMA 200 DMA

-ve 30 DMA 50 DMA 150 DMA 200 DMA

Latest Query

Post my query

Samrudhiglobal.com wishing you and your friends and family Advance xmas and Happy New year...view more »
- by Sam

Status: Awaiting reply

Market Stats

Search Our Archives

Research Desk

Stocks Trading above their 50 day moving average - DMA In Stock Research
Download free Ebooks based on Technical Analysis In Personal Training
TOP 100 Stocks with the Highest P/E as on July 14th, 2013 In Stock Research
TOP 100 Stocks with the Lowest P/E as on July 14th, 2013 In Stock Research
Charting Pathsala - Your guide to Techincals In Technical Analysis

Latest Investment Idea

Recent Comments

Stocks are bought on expectations, not facts - Gerald M. Loeb

Disclaimer

The calls given here are My Personal views, Trading or investing in stocks is a high risk activity. Any action you choose to take in the markets is totally your own responsibility. NSEGUIDE will not be liable for any, direct or indirect, consequential or incidental damages or loss arising out of the use of this information.

Investors should be cautious about any and all stock recommendations and should consider the source of any advice on stock selection. Various factors, including personal or corporate ownership, may influence or factor into an expert’s stock analysis or opinion.

All investors are advised to conduct their own independent research into individual stocks before making a purchase decision. In addition, investors are advised that past stock performance is no guarantee of future price appreciation

Usage

The Stock calls recommended by NSEGUIDE can be used by you to invest & share it with your friends, but you are not allowed to publish it on your own or some website/blog without prior permission.

Recommend Site to your friends

Suggestions?

This is YOUR site, so if you have suggestions or feedback on how we can improve it for you, please feel free to speak up! We will try our best to keep up with it!

Make a Suggestion