Group CFO and Director of the major steel producer JSPL K Rajagopal says that steel prices have firmed up by 6-7 percent since the previous quarter and reasonably higher on yearly basis.
On the back of China's economic data maintaining its recuperating trajectory, the metal sector has been buzzing.
Group CFO and Director of the major steel producer Jindal Steel and Power Ltd ( JSPL ) K Rajagopal says that steel prices have firmed up by 6-7 percent since the previous quarter and reasonably higher on a yearly basis.
The major steel producer has a high net debt with EBITDA at over four times. Its debt on books currently stands at Rs 36,000-37,000 crore. Despite being comfortable with their current debt levels, the company is evaluating few options to monetise assets in order to pare debt, he says in an interview with CNBC-TV18.
Transcript to follow shortly
Jindal Steel stock price
On July 03, 2014, at 09:56 hrs Jindal Steel & Power was quoting at Rs 334.00, up Rs 1.25, or 0.38 percent. The 52-week high of the share was Rs 350.00 and the 52-week low was Rs 181.55.
The company's trailing 12-month (TTM) EPS was at Rs 14.12 per share as per the quarter ended March 2014. The stock's price-to-earnings (P/E) ratio was 23.65. The latest book value of the company is Rs 134.95 per share. At current value, the price-to-book value of the company is 2.47.
Anda sedang membaca artikel tentang
Expect steel prices to continue escalating in FY15: JSPL
Dengan url
https://olahragakecantikan.blogspot.com/2014/07/expect-steel-prices-to-continue.html
Anda boleh menyebar luaskannya atau mengcopy paste-nya
Expect steel prices to continue escalating in FY15: JSPL
namun jangan lupa untuk meletakkan link
Expect steel prices to continue escalating in FY15: JSPL
sebagai sumbernya
0 komentar:
Posting Komentar