647.8500 -10.00 (-1.52%)
NSE May 27, 2025 15:31 PM
Volume: 442.3K
 

647.85
-1.52%
ICICI Securities Limited
Jindal Stainless (JSL)’s Q2FY24 performance lagged our estimates marginally, mainly due to lower-than-expected sales volume. Key points: 1) Exports volume was impacted by a subdued global (particularly European) market. 2) Profitability was also impacted by a transient lag between ferrochrome and chrome price movements.
Jindal Stainless Ltd. is trading below its 200 day SMA of 668.9
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