Stocks

JSPL stocks: Buy Jindal Steel & Power, target price Rs 512: Yes Securities

Yes Securities has buy call on & Power with a target price of Rs 512. The current market price of Jindal Steel & Power is Rs 469.4.

Jindal Steel &

., incorporated in the year 1979, is a Mid Cap company (having a market cap of Rs 47888.04 Crore) operating in Metals – Ferrous sector.

Jindal Steel & Power Ltd. key Products/Revenue Segments include Iron & Steel Items, Power, Other Sales, Other Operating Revenue, Export Incentives, Scrap for the year ending 31-Mar-2021.

Financials

For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 13069.17 Crore, down -8.87 % from last quarter Total Income of Rs 14341.91 Crore and up 22.79 % from last year same quarter Total Income of Rs 10643.17 Crore. Company reported net profit after tax of Rs 2770.92 Crore in latest quarter.

Investment Rationale
After consolidating for last two weeks, the stock has staged a range breakout above September peak.



Promoter/FII Holdings
Promoters held 60.44 per cent stake in the company as of 30-Jun-2022, while FIIs owned 10.65 per cent, DIIs 15.75 per cent.

(Disclaimer: Recommendations given in this section or any reports attached herein are authored by an external party. Views expressed are that of the respective authors/entities. These do not represent the views of Economic Times (ET). ET does not guarantee, vouch for, endorse any of its contents and hereby disclaims all warranties, express or implied, relating to the same. Please consult your financial adviser and seek independent advice.


Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button