NSE: JSL | BSE: 532508

Mid-range Performer

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747.55 6.60 (0.89%)

50.53% Gain from 52W Low

182.8K NSE+BSE Volume

NSE 15 Sep, 2025 10:17 AM (IST)

61,629.5

Market Cap

High in industry

1.1

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.

28 Jul 2023

747.55

0.89%

Robust performance; volume-led growth on the anvil

Buy: Jindal Stainless Ltd.

Target

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.

Jindal Stainless Ltd.

19 May 2023

747.55

0.89%

Jindal Stainless

Buy: Jindal Stainless Ltd.

Target

ICICI Direct

Jindal Stainless Ltd. has an average target of 756.00 from 3 brokers.

Jindal Stainless Ltd.

19 May 2023

747.55

0.89%

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 increased from 586 to 607 in Jun 2025 qtr.

Jindal Stainless Ltd.

15 May 2023, 12:00AM

747.55

0.89%

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.

Number of FII/FPI investors increased from 586 to 607 in Jun 2025 qtr.

Jindal Stainless Ltd.

25 Jan 2023

747.55

0.89%

Jindal Stainless

Buy: Jindal Stainless Ltd.

Target

ICICI Direct

Jindal Stainless Ltd.'s price crossed below 30Day SMA today

Jindal Stainless Ltd.

25 Jan 2023

747.55

0.89%

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 above all available SMAs

Jindal Stainless Ltd.

23 Dec 2022

747.55

0.89%

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.