Jindal Stainless Ltd.    
08 Sep 2018
32.40
1.09%
Ventura
At the CMP of Rs.64, JSL is trading at an EV/EBITDA of 5.2 x FY19E. We initiate with a BUY on JSL with a target price of Rs.127 (FY21 EV/EBITDA of 5x), which represents an upside of 98.4% over 18 months.
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Promoters pledge reduced to 85.24% of holdings in Mar 2019 qtr.
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