Jindal Steel & Power (JSPL), an
Indian steel and energy company, dropped on Tuesday after it has
posted disappointing Q3 numbers.The company announced an reported
fall of 12.98% in consolidated net profit on year-on-year basis to
Rs 8.67 billion for the quarter ended Dec. 31, 2012. Earnings for
the quarter came below market expectations of Rs 9.44 billion.
Consolidated net sales of the company increased by 10.19% y-o-y to Rs 48.01 billion for the quarter ended Dec. 31, 2012.
During the quarter, the operating profit margin decreased 299
bps to 29.38% from 32.38% for the same period last year. 
Shares ofthe companyare trading at Rs
391.80, down Rs 14.25, or 3.51% at the Bombay Stock Exchange (BSE)
on Tuesday at 2:33 p.m.The scrip has touched an intra-day high of
Rs 404.30 and low of Rs 390.50. The total volume of shares traded
at the BSE is 194,758.In the earlier session, the shares lost 1.6%,
or Rs 6.6, at Rs 406.05. Currently, the stock is trading down
40.94% from its 52-week high of Rs 663.40 and above 22.02% over the
52-week low of Rs 321.10.
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