NSE: JSL | BSE: 532508

Mid-range Performer

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686.90 2.40 (0.35%)

38.32% Gain from 52W Low

20,604 NSE+BSE Volume

NSE 14 Jul, 2025 9:21 AM (IST)

56,584.7

Market Cap

High in industry

1.2

Beta 1Year

High Volatility

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.

19 May 2023

686.90

0.35%

Volume growth a major positive

Buy: Jindal Stainless Ltd.

Target

ICICI Securities Limited

Jindal Stainless’ (JSL) Q4FY23 performance was 12% ahead of our and street estimates. Key points: 1) sales volumes were up 14% YoY (8.5% QoQ) to an all-time high of 507.6kte aided by the rolling of third-party stainless steel flats; 2) blended realisation however was down 14% YoY (-3% QoQ) tracking international raw material prices and higher volumes of the 200 series in the domestic market.

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

Jindal Stainless Ltd.

15 May 2023

686.90

0.35%

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 200 day SMA of 662.0

Jindal Stainless Ltd.

25 Jan 2023

686.90

0.35%

Jindal Stainless

Buy: Jindal Stainless Ltd.

Target

ICICI Direct

Jindal Stainless Ltd. is trading below its 30 day SMA of 688.0

Jindal Stainless Ltd.

25 Jan 2023

686.90

0.35%

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 30 day SMA of 688.0

Jindal Stainless Ltd.

23 Dec 2022

686.90

0.35%

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 200 day SMA of 662.0

Jindal Stainless Ltd.

07 Nov 2022

686.90

0.35%

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 30 day SMA of 688.0

Jindal Stainless Ltd.

05 Nov 2022

686.90

0.35%

Jindal Stainless

Buy: Jindal Stainless Ltd.

Target

ICICI Direct

Jindal Stainless Ltd. has an average target of 749.33 from 3 brokers.

Jindal Stainless Ltd.

04 Nov 2022

686.90

0.35%

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 749.33 from 3 brokers.

Jindal Stainless Ltd.

03 Aug 2022

686.90

0.35%

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

686.90

0.35%

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.

Jindal Stainless Ltd. has an average target of 749.33 from 3 brokers.

Is Jindal Stainless Ltd. worth buying?

307 Votes:

Buy 80.78%

Sell 10.42%

Hold 8.79%

RESEARCH REPORTS

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Buy SEE REPORTS >

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