Metal stock hits record high in a weak market. Should you buy post Q3?
- Jindal Stainless shares rose to hit record high of ₹263 apiece on the BSE
Shares of Jindal Stainless Ltd (JSL) rose to hit record high of ₹263 apiece on the BSE in Wednesday's trading session even as the company's net profit fell over 32% drop in consolidated profit at ₹298 crore for the quarter ended December 2022 (Q3 FY23). Its revenue from operations increased to ₹6,349 crore over ₹5,670 crore in the year-ago period. The benchmark BSE Sensex fell over 700 points today.
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