JSW Steel Ltd fell for a fifth straight session today. The stock is quoting at Rs 214.2, down 1.54% on the day as on 13:24 IST on the NSE. The benchmark NIFTY is down around 0.06% on the day, quoting at 10941.9. The Sensex is at 36978.08, up 0%.JSW Steel Ltd has eased around 18.32% in last one month.Meanwhile, Nifty Metal index of which JSW Steel Ltd is a constituent, has eased around 13.28% in last one month and is currently quoting at 2448.05, down 1.13% on the day. The volume in the stock stood at 46.71 lakh shares today, compared to the daily average of 62.47 lakh shares in last one month.

The benchmark August futures contract for the stock is quoting at Rs 215, down 1.65% on the day. JSW Steel Ltd tumbled 37.51% in last one year as compared to a 4.44% slide in NIFTY and a 29.91% fall in the Nifty Metal index.

The PE of the stock is 7.17 based on TTM earnings ending June 19.

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Net profit of JSW Steel declined 56.55% to Rs 1028.00 crore in the quarter ended June 2019 as against Rs 2366.00 crore during the previous quarter ended June 2018. Sales declined 2.72% to Rs 19407.00 crore in the quarter ended June 2019 as against Rs 19950.00 crore during the previous quarter ended June 2018.

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Net profit of JSW Steel declined 39.14% to Rs 1423.00 crore in the quarter ended June 2019 as against Rs 2338.00 crore during the previous quarter ended June 2018. Sales declined 7.12% to Rs 17150.00 crore in the quarter ended June 2019 as against Rs 18465.00 crore during the previous quarter ended June 2018.

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JSW Steel began the roll-out of JSW Platina, premium tinplate targeted atpackaging industry. The launch of JSW Platina enables JSW Steel to tap the growing opportunity fortinplate products demanded by India's packaging industry.

India is one of the countries that havepledged to eliminate single use plastics by 2022. JSW Platina offers a significant opportunity tobecome the most preferred & sustainable packaging material for the future.

JSW Steel currently has annual cumulative installed capacity of 3.5 lakh metric tonnes tinplate, out ofwhich 1 Lakh metric tonnes is being produced by its JV ( JSW Vallabh Tinplate) and the balance 2.5lakh metric tonnes at its newly established tinplate facility at Tarapur in Maharastra. Given thesignificant potential for JSW Platina to emerge as a preferred packaging material, JSW Steel is doublingits tinplate capacity at Tarapur to 5 Lakh metric tonnes.

JSW Platina has a wide variety of applications in both food and non-food packaging. It is available asTinplate or Tin Free Steel (TFS) in both Single Reduced (SR) and Double Reduced (DR) variety. DoubleReduced (DR) product is normally Thinner, Stronger, and Brighter, as compared to conventional SingleReduced Tinplate and gives more cans from each ton without compromising strength. Since differentapplications of JSW Platina requires different degree of hardness for base material, the desiredhardness is achieved through a complex process involving Annealing and temper rolling mill/doublecold rolling mill conforming to the globally accepted standards. JSW Platina has versatile applicabilityas a packaging material ranging from Food cans, juices, Coffee Cans, Edible Oils, Ghee and Vanaspatito battery, aerosol cans and crown corks and many others.

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