Shares of Jindal Steel & Power (JSPL) hit an over 10-year high of Rs 610.25, up 2 per cent on the BSE in Wednesday’s intra-day trade in an otherwise choppy market on improved outlook. The stock traded at its highest level since March 2012. In comparison, the S&P BSE Sensex was up 0.10 per cent at 60,176 at 09:38 AM.
In past six months, the market price of JSPL has zoomed 74 per cent, as against 10 per cent rally in the benchmark index. JSPL has been the top performer among mainstream ferrous players with a robust return of 36 per cent in past 3 months. In past one month, the stock has rallied 12 per cent, as compared to 4 per cent decline on the Sensex.
