30 July, 2011

Jindal Steel & Power Shares Fall On Weak Outlook


Shares of Jindal Steel & Power fell more than 4 percent after the company posted a marginal decline in its quarterly profit and warned that FY12 may not be a "very good year" as steel consumers hurt by high interest rates and inflation, slow investments.
At 9.19 a.m., shares of the company were down 3.05 percent to Rs 595.

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