NSE: JSL | BSE: 532508

Mid-range Performer

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644.75 -24.45 (-3.65%)

29.83% Gain from 52W Low

1.9M NSE+BSE Volume

NSE 30 May, 2025 3:31 PM (IST)

53,112.5

Market Cap

High in industry

1.1

Beta 1Year

High Volatility

Analyst Buy

Jefferies initiates coverage on Jindal Stainless with a 'Buy' rating and a target price of Rs 800 See details

Jindal Stainless Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for JSL, BSE:532508 Jindal Stainless Ltd.

Jindal Stainless Ltd.

15 May 2023

644.75

-3.65%

Transient decline provides fresh opportunity

Buy: Jindal Stainless Ltd.

Target

ICICI Securities Limited

Despite tumbling 13% in past one month, the Jindal Stainless (JSL) stock has delivered 112% return in past six months. We believe the stock deserves a fresh look as the fundamentals post-merger remain robust and we see a semblance of regulatory support emerging.

Jindal Stainless Ltd. is trading above its 150 day SMA of 643.4

Jindal Stainless Ltd.

25 Jan 2023

644.75

-3.65%

Jindal Stainless

Buy: Jindal Stainless Ltd.

Target

ICICI Direct

Jindal Stainless Ltd. is trading below its 200 day SMA of 668.7

Jindal Stainless Ltd.

25 Jan 2023

644.75

-3.65%

Volume growth a major positive

Buy: Jindal Stainless Ltd.

Target

ICICI Securities Limited

Jindal Stainless’ (JSL) Q3FY23 performance was 22% ahead of our and street estimates. Key points: 1) Sales volumes were up 33% YoY (22% QoQ) to an all- time high of 330.4kte aided by the rolling of third-party stainless steel flats; 2) blended realisation however was down 13% QoQ tracking international raw material prices and higher hollow-ware sales in the domestic market.

Jindal Stainless Ltd. is trading below its 200 day SMA of 668.7

Jindal Stainless Ltd.

23 Dec 2022

644.75

-3.65%

Growth in the offing

Buy: Jindal Stainless Ltd.

Target

ICICI Securities Limited

We hosted Jindal Stainless’ (JSL) management for a roadshow in Mumbai (on Dec 19, 2022). Key takeaways: 1) Expect volume CAGR of ~20% by FY25; 2) expect FY23 EBITDA margin to sustain at Rs18,000-20,000/te.

Jindal Stainless Ltd. is trading above its 150 day SMA of 643.4

Jindal Stainless Ltd.

07 Nov 2022

644.75

-3.65%

Growth in the offing

Buy: Jindal Stainless Ltd.

ICICI Securities Limited

We attended the analyst call of Jindal Stainless’ (JSL) to discuss the Q2FY23 performance.

Jindal Stainless Ltd. is trading below its 200 day SMA of 668.7

Jindal Stainless Ltd.

05 Nov 2022

644.75

-3.65%

Jindal Stainless

Buy: Jindal Stainless Ltd.

Target

ICICI Direct

Jindal Stainless Ltd. has an average target of 719.00 from 2 brokers.

Jindal Stainless Ltd.

04 Nov 2022

644.75

-3.65%

Volume growth a major positive

Buy: Jindal Stainless Ltd.

Target

ICICI Securities Limited

Jindal Stainless’ (JSL) Q2FY23 performance was ahead of street estimates. Sales volumes were up 5% YoY (14% QoQ) to an all-time high of 270.4kte.

Jindal Stainless Ltd. has an average target of 719.00 from 2 brokers.

Jindal Stainless Ltd.

03 Aug 2022

644.75

-3.65%

Jindal Stainless

Buy: Jindal Stainless Ltd.

Target

ICICI Direct

Number of FII/FPI investors decreased from 592 to 586 in Mar 2025 qtr

Jindal Stainless Ltd.

12 Jul 2022

644.75

-3.65%

Value unlocking can happen through prudent capital allocation

Buy: Jindal Stainless Ltd.

Target

ICICI Securities Limited

Jindal Stainless (JSL) management meeting takeaways include: i) Exports can be maintained at 16,000tpm (down from peak run-rate of 30,000tpm) despite the export duty of 15%, mainly on account of higher margins in the US. ii) Blast furnace capex in JUSL is being reconsidered; leverage, holding on to the environmental benefits of running a secondary steel operation and investor feedback has played its part in our view.