742.3500 -20.60 (-2.70%)
NSE Sep 01, 2025 12:56 PM
Volume: 475.1K
 

742.35
-2.70%
ICICI Securities Limited
Jindal Stainless’ (JSL) Q1FY24 EBITDA at INR 11.2bn (up 35% YoY) beat our estimate by 9%. Key points: 1) shipments rose 54% YoY to a record level of 548.6kte; 2) EBITDA/te at INR 20,375 was slightly ahead of our estimate; 3) domestic subsidiaries performed well while overseas subsidiaries continued to languish.
Jindal Stainless Ltd. has an average target of 756.00 from 3 brokers.
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