Meanwhile, the BSE Sensex was down 124.19 points or 0.72% to 17,177.72.

On BSE, 59,000 shares were traded in the counter as against average daily volume of 1.73 lakh shares in the past one quarter.

The stock hit a high of Rs 508.05 and a low of Rs 496 so far during the day. The stock had hit a 52-week low of Rs 435.55 on 29 December 2011. The stock had hit a 52-week high of Rs 663.40 on 17 February 2012.

The stock had underperformed the market over the past one month till 2 May 2012, falling 6.99% compared with Sensex's 1.01% fall. The scrip had also underperformed the market in past one quarter, declining 11.7% as against Sensex's 0.75% fall.

The large-cap steel and power producer has an equity capital of Rs 93.48 crore. Face value per share is Re 1.

The Jindal Steel & Power (JSPL) stock had risen 4.7% in three trading sessions to settle at Rs 504.30 on Wednesday, 2 May 2012, from a recent low of Rs 481.65 on 27 April 2012, after the company announced decent Q4 earnings after market hours on 27 April 2012.

JSPL's consolidated net profit rose 16.5% to Rs 1167.01 crore on 42% growth in net sales to Rs 5465.26 crore in Q4 March 2012 over Q4 March 2011. Consolidated net profit rose 5.6% to Rs 3964.90 crore on 38.9% growth in net sales to Rs 18151.41 crore in the year ended 31 March 2012 over the year ended 31 March 2011.

Jindal Steel & Power (JSPL) is one of India's major steel producers, with a significant presence in sectors like mining, power generation and infrastructure.