Export sales contributed to 28% of total sales volumes in October 2020 and its exports grew at a rate of 37% year on year in October 2020. The firm reported highest ever pellet production of 701,500 MT and highest ever wire rod production of 49,062 MT in October 2020.
On a standalone basis, JSPL's net profit stood at Rs 997.98 crore in Q2 September 2020 steeply higher from Rs 15.15 crore reported in Q2 September 2019. Net sales rose by 19.6% year on year to Rs 7859.3 crore in Q2 September 2020.
JSPL is an industrial powerhouse with a dominant presence in steel, power, mining and infrastructure sectors.
Shares of JSPL closed 1.33% higher at Rs 236.60 on Friday.
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Valued Customer,
BOB Capital Markets Limited (BOBCaps) is firmly committed to the safety of your wealth. We would like to bring to your notice certain precautions that you certainly must take against potential tele-fraudsters/ unscrupulous and unregistered portfolio managers:
ALWAYS AVOID
Certain tele-fraudsters / unscrupulous and unregistered portfolio managers call customers or SMS them on the pretext of providing investment tips and lure them to invest through their bogus firms by promising huge profits. Such deceitful callers ask the customer to share his/her login credentials with passwords to allow trading in their accounts, assuring huge returns. Often trades done in the customer’s accounts are far from the best interest of the customers. Holdings of customers are often sold and with the funds, trades are then placed in illiquid securities at unrealistic prices. At times, the holdings of customers are sold at prices detrimental to the customer.
The so-called “portfolio manager” assures profits, which naturally does not materialize. Customers are deceived into providing access to their trading accounts, thereby allowing such fraudsters access to funds and securities available to execute trades, injurious to the customer’s interest.
We would like to caution you against such fraudulent calls and SMSes and urge you to be alert. Follow the golden rule:
Do not share your Login Credentials or Passwords with anybody
BOBCaps employees / representatives never ask for your password.
The following illicit activities by the persons named herein have come to the notice of Stock Exchanges: