
Jindal Steel and Power share price declines 13% post Q3 results: Do you own it?
Live MintStock Market Today: Jindal Steel and Power share price declined more than 13% in the morning trades on Friday post Q3 Results that were announced by the company post market hours on Thursday Jindal Steel and Power share price opened at ₹799.85 on the BSE on Friday, almost 5% lower compared to previous close of ₹840.10. The Jindal Steel and Power share price dipped to intraday lows of ₹724.35, marking a decline of more than 13%. Jindal Steel and Power Q3 Results Jindal Steel and Power net profit during the quarter ending December 2024 at ₹950.88 more than halved compared to ₹1,927.99 crore in the year ag quarter. Though Jindal Steel and Power Ltd Q3 performance was below their estimates due to weak volumes and subdued realizations., MOFSL said that the Earnings should improve ahead, aided by volume ramp-up and cost reductions.
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