|Chennai||Rs. 24840.00 (-0.36%)|
|Mumbai||Rs. 25460.00 (-0.16%)|
|Delhi||Rs. 25450.00 (2.21%)|
|Kolkata||Rs. 25000.00 (0%)|
|Kerala||Rs. 24700.00 (0%)|
|Bangalore||Rs. 25050.00 (1.42%)|
|Hyderabad||Rs. 24930.00 (1.63%)|
India's Jindal Steel And Power Ltd shares fall 1.4 percent after it said in a statement on Thursday its March-quarter consolidated net profit fell 34.88 percent to 7.60 billion rupees.
Consensus forecast for Jindal Steel's March-quarter consolidated net profit was 9.64 billion rupees.
Kotak Institutional equities said the company's March-quarter performance was difficult to explain as its steel realization declined by 3,000 rupees per ton at a time when the price decline in the market was 500 rupees per ton.
"This inexplicable performance would require clarification from the management," Kotak said in a report.