NSE: JSL | BSE: 532508

Mid-range Performer

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673.50 17.55 (2.68%)

35.62% Gain from 52W Low

953.6K NSE+BSE Volume

NSE 05 Jun, 2025 4:00 PM (IST)

55,480.9

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.

09 May 2022

673.50

2.68%

Jindal Stainless

Buy: Jindal Stainless Ltd.

ICICI Direct

Jindal Stainless Ltd. is trading above all available SMAs

Jindal Stainless Ltd.

23 Feb 2022

673.50

2.68%

Jindal Stainless Ltd. - Crme de la Crme

Buy: Jindal Stainless Ltd.

Monarch Networth Capital Limited

We present a stock idea Jindal Stainless Ltd. (JSL), the gold standard in stainless steel and on the verge of business evolution, with a fair value of Rs260. With its merger with Jindal Stainless Hisar (JSHL), the merged entity will command a towering 55% share, with limited competition. JSL's port and raw material proximity, international finishing capabilities coupled with JSHL's strategically located facility in key domestic consumption centres will drive synergies in the merged entity. The doubling of JSL's steel melt shop capacity and expansion of JSHL's value added Special Product division should be a growth accelerator, with emerging sources of demand such as Auto, railways and infrastructure. JSL's...

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

Jindal Stainless Ltd.

13 Feb 2022

673.50

2.68%

Jindal Stainless Hisar

Buy: Jindal Stainless Ltd.

Target

ICICI Securities Limited

Consolidated EBITDA was at | 569 crore, up 47% YoY and flattish QoQ, higher than our estimate of | 558 crore. Consolidated PAT was at | 515 crore, up 91% YoY and 3% QoQ, higher than our estimate of | 482 crore...

Jindal Stainless Ltd. is trading above all available SMAs

Jindal Stainless Ltd.

13 Feb 2022

673.50

2.68%

Jindal Stainless

Buy: Jindal Stainless Ltd.

ICICI Securities Limited

Consolidated EBITDA was at | 797 crore, up 68% YoY and 7% QoQ, higher than our estimate of | 740 crore. Consolidated PAT was at | 442 crore, up 160% YoY and 7% QoQ, higher than our estimate of | 408 crore What should investors do? Jindal Stainless' share price has given a return of...

Jindal Stainless Ltd.'s price crossed above 200Day SMA today

Jindal Stainless Ltd.

22 Dec 2021

673.50

2.68%

Look downstream, look converter series – case for value creation intact

Buy: Jindal Stainless Ltd.

ICICI Securities Limited

Decline in Chinese stainless steel prices has compressed the converter spreads (Chart 1). We are not sure when exactly the spot will percolate into Jindal Stainless (JSL) or Jindal Stainless (Hissar) (JSHL) spreads, but we continue to build in ~Rs17,500/te of normalised spreads for FY23/24E (from Rs27,000/te expected in Q3FY22).

Jindal Stainless Ltd.'s price crossed above 200Day SMA today

Jindal Stainless Ltd.

01 Nov 2021

673.50

2.68%

Jindal Stainless Hisar

Buy: Jindal Stainless Ltd.

Target

ICICI Securities Limited

During Q2FY22, JSHL reported a consolidated topline of | 3743 crore, up 63% YoY and 35% QoQ, higher than our estimate of | 3465 crore Consolidated EBITDA was at | 567 crore, up 95% YoY and 37% QoQ, higher than our estimate of | 475 crore. Consolidated PAT was at | 499 crore, up...

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

Jindal Stainless Ltd.

01 Nov 2021

673.50

2.68%

Jindal Stainless

Buy: Jindal Stainless Ltd.

Target

ICICI Securities Limited

JSL has a 1.1 MTPA integrated facility with backward integration (ferro chrome and captive power plant) The company has readily leveragable infrastructure for cost efficient brownfield expansion (800+ acre of land)...

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

Jindal Stainless Ltd.

04 Oct 2021, 12:00AM

673.50

2.68%

Jindal Stainless

Buy: Jindal Stainless Ltd.

Target

ICICI Securities Limited

About the stock: Jindal Stainless (JSL) is India's largest stainless steel We maintain our BUY rating on the stock Target Price and Valuation: We value JSL at | 200, based on a merged entity basis...

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

Jindal Stainless Ltd.

24 Sep 2021

673.50

2.68%

On steady track

Buy: Jindal Stainless Ltd.

Target

ICICI Securities Limited

We hosted the management of Jindal Stainless (JSL). Management clarified the company’s product level strategy underlining the resurgence in demand that the 400 series sees in India. Expansion from 1.9mtpa to 2.9mtpa stays on track. Existing capacity will lead to 15-20% volume growth in FY22. Management pointed
at its continued focus on deleveraging and guided for start of dividend payout as merger between JSL and Jindal Stainless (Hissar) (JSHL) concludes, likely in the
near term.

Jindal Stainless Ltd.'s price crossed above 200Day SMA today

Jindal Stainless Ltd.

02 Aug 2021

673.50

2.68%

Jindal Stainless

Buy: Jindal Stainless Ltd.

Target

ICICI Securities Limited

JSL is augmenting is stainless steel melt capacity from 1.1 MTPA to 2.1 MTPA and also enhancing downstream capacity with 1.6x expansion of hot rolled annealed pickled (HRAP) from 0.8 MTPA to 1.25 MTPA and 1.7x expansion of cold rolled annealed pickled (CRAP) from 0.45 MTPA to 0.75 MTPA. It is also expanding backward integration with 1.4x expansion of ferro chrome from 0.25 MTPA to 0.35 MTPA The estimated total growth capex is ~| 2150 crore wherein melting capex is | 530 crore (to be completed by Q3FY23), downstream enhancement...

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

Is Jindal Stainless Ltd. worth buying?

303 Votes:

Buy 80.86%

Sell 10.56%

Hold 8.58%

RESEARCH REPORTS

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Buy SEE REPORTS >

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