News

India`s PMO probing dumping of Chinese stainless steel - Jindal Stainless Exec India's Prime Minister's office (PMO) has launched a probe into potential dumping of Chinese stainless steel products into the country, Abhyuday Jindal, managing director of Jindal Stainless, said on Wednesday. "The Prime Minister's Office has taken up the mantle," Jindal told reporters, adding that the matter was likely being discussed internally. Stainless steel producers have petitioned the government to impose countervailing duty (CVD) on Chinese stainless stee...
India`s PMO probing dumping of Chinese stainless steel - Jindal Stainless Exec
India`s PMO probing dumping of Chinese stainless steel - Jindal Stainless Exec
Source: Reuters
26/07/2023 6:30:49 PM
India`s Jindal Stainless posts 50% jump in Q1 profit on robust domestic demand India's Jindal Stainless reported a near-50% rise in its first-quarter profit on Wednesday, helped by strong domestic demand. The company - the biggest stainless steel maker in India by volumes - posted a consolidated net profit of 7.46 billion rupees ($91 million) for the quarter ended June 30, compared to 4.98 billion rupees a year earlier. Jindal, which makes stainless steel products for sectors like transportation and construction, said revenue from operations rose 25.4% to 101....
India`s Jindal Stainless posts 50% jump in Q1 profit on robust domestic demand
India`s Jindal Stainless posts 50% jump in Q1 profit on robust domestic demand
Source: Reuters
26/07/2023 5:47:07 PM
Jindal Stainless surges on completing acquisition of Jindal United Steel Jindal Stainless is currently trading at Rs. 371.10, up by 2.80 points or 0.76% from its previous closing of Rs. 368.30 on the BSE. The scrip opened at Rs. 368.25 and has touched a high and low of Rs. 374.00 and Rs. 365.25 respectively. So far 29832 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 375.00 on 12-Jul-2023 and a 52 week low of Rs. 112.85 on 27-Jul-2022. Last one week high and low of the scrip stood a...
Jindal Stainless surges on completing acquisition of Jindal United Steel
Jindal Stainless surges on completing acquisition of Jindal United Steel
Source: Accord Fintech
21/07/2023 3:04:38 PM
Jindal Stainless gains on tying up with Dassault Systemes to manage production, operational functions Jindal Stainless is currently trading at Rs. 336.50, up by 4.05 points or 1.22% from its previous closing of Rs. 332.45 on the BSE. The scrip opened at Rs. 335.00 and has touched a high and low of Rs. 338.10 and Rs. 332.00 respectively. So far 25639 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 338.10 on 16-Jun-2023 and a 52 week low of Rs. 95.05 on 20-Jun-2022. Last one week high and low of the scrip stood at...
Jindal Stainless gains on tying up with Dassault Systemes to manage production, operational functions
Jindal Stainless gains on tying up with Dassault Systemes to manage production, operational functions
Source: Accord Fintech
16/06/2023 12:41:06 PM
Jindal Stainless zooms on getting nod to raise funds through various modes Jindal Stainless is currently trading at Rs. 299.90, up by 19.55 points or 6.97% from its previous closing of Rs. 280.35 on the BSE. The scrip opened at Rs. 278.00 and has touched a high and low of Rs. 303.95 and Rs. 278.00 respectively. So far 162156 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 329.00 on 08-Mar-2023 and a 52 week low of Rs. 95.05 on 20-Jun-2022. Last one week high and low of the scrip stood ...
Jindal Stainless zooms on getting nod to raise funds through various modes
Jindal Stainless zooms on getting nod to raise funds through various modes
Source: Accord Fintech
18/05/2023 11:39:46 AM
India's Jindal Stainless Q4 profit falls as higher costs outweigh demand BENGALURU - India's Jindal Stainless Ltd reported a near 13% drop in its fourth-quarter profit on Wednesday, as higher raw material costs and softer prices offset a surge in domestic demand. The country's biggest stainless steel maker posted consolidated net profit of 7.66 billion rupees ($93.67 million) for the quarter ended March 31, down from 7.36 billion rupees a year earlier. Revenue from operations was flat at 97.65 billion rupees. Sequentially, the profit rose 53.8%, help...
India's Jindal Stainless Q4 profit falls as higher costs outweigh demand
India's Jindal Stainless Q4 profit falls as higher costs outweigh demand
Source: Reuters
17/05/2023 6:49:14 PM
Jindal Stainless rises on supplying 300 metric tonnes of steel for B R Ambedkar statue in Telangana Jindal Stainless is currently trading at Rs. 263.30, up by 3.25 points or 1.25% from its previous closing of Rs. 260.05 on the BSE. The scrip opened at Rs. 260.05 and has touched a high and low of Rs. 265.70 and Rs. 258.75 respectively. So far 54448 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 329.00 on 08-Mar-2023 and a 52 week low of Rs. 95.05 on 20-Jun-2022. Last one week high and low of the scrip stood at...
Jindal Stainless rises on supplying 300 metric tonnes of steel for B R Ambedkar statue in Telangana
Jindal Stainless rises on supplying 300 metric tonnes of steel for B R Ambedkar statue in Telangana
Source: Accord Fintech
20/04/2023 11:57:04 AM
Commerce ministry recommends continuation of CVD on certain steel products imported from China The commerce ministry has recommended continuation of 18.95 per cent countervailing duty (CVD) on certain flat-rolled steel products imported from China for five years to guard domestic manufacturers from subsidised imports. The duty was recommended by the ministry's investigation arm Directorate General of Trade Remedies (DGTR) after conducting a sunset review investigation on imports of 'hot rolled and cold rolled stainless steel flat products' imported from China. Jindal Sta...
Commerce ministry recommends continuation of CVD on certain steel products imported from China
Commerce ministry recommends continuation of CVD on certain steel products imported from China
Source: Accord Fintech
13/04/2023 12:55:06 PM
Jindal Steel in nickel pig iron JV with Indonesia`s New Yaking  India's stainless steel major Jindal Stainless Ltd (JSL) has inked a collaboration agreement with New Yaking Pte Ltd for development, construction and operation of a nickel pig iron (NPI) smelter facility located in an industrial park in Halmahera Islands, Indonesia. According to JSL, as per the agreement, it will acquire 49 per cent stake for about $157 million in the new greenfield project under a new joint venture company. "The strategic collaboration offers benefits o...
Jindal Steel in nickel pig iron JV with Indonesia`s New Yaking
Jindal Steel in nickel pig iron JV with Indonesia`s New Yaking
Source: IANS
29/03/2023 9:04:12 AM
Linde India climbs on subscribing 18.29% equity shares in FP Solar Shakti Linde India is currently trading at Rs. 3816.60, up by 67.85 points or 1.81% from its previous closing of Rs. 3748.75 on the BSE. The scrip opened at Rs. 3780.30 and has touched a high and low of Rs. 3845.00 and Rs. 3760.00 respectively. So far 1129 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 4192.35 on 11-Apr-2022 and a 52 week low of Rs. 2711.00 on 20-Jun-2022. Last one week high and low of the scrip stoo...
Linde India climbs on subscribing 18.29% equity shares in FP Solar Shakti
Linde India climbs on subscribing 18.29% equity shares in FP Solar Shakti
Source: Accord Fintech
21/03/2023 3:39:02 PM
Jindal Stainless trades higher on the BSE Jindal Stainless is currently trading at Rs. 312.60, up by 3.40 points or 1.10% from its previous closing of Rs. 309.20 on the BSE. The scrip opened at Rs. 308.00 and has touched a high and low of Rs. 317.00 and Rs. 306.55 respectively. So far 114093 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 329.00 on 08-Mar-2023 and a 52 week low of Rs. 95.05 on 20-Jun-2022. Last one week high and low of the scrip stood a...
Jindal Stainless trades higher on the BSE
Jindal Stainless trades higher on the BSE
Source: IANS
14/03/2023 3:47:05 PM
Jindal Stainless climbs on planning to invest Rs 120 crore to set up two solar projects Jindal Stainless is currently trading at Rs. 316.60, up by 17.15 points or 5.73% from its previous closing of Rs. 299.45 on the BSE. The scrip opened at Rs. 301.00 and has touched a high and low of Rs. 318.80 and Rs. 296.50 respectively. So far 181977 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 318.80 on 08-Mar-2023 and a 52 week low of Rs. 95.05 on 20-Jun-2022. Last one week high and low of the scrip stood ...
Jindal Stainless climbs on planning to invest Rs 120 crore to set up two solar projects
Jindal Stainless climbs on planning to invest Rs 120 crore to set up two solar projects
Source: Accord Fintech
8/03/2023 2:09:46 PM
Key Stock Ideas: Genesis, Jindal Stainless, Sun Pharma, Mercedes Benz India - ARETE Securities Genesis, IGL to invest Rs 110 cr to set up meter manufacturing plant: Genesis, an arm of Vikas Lifecare Limited (VLF), has inked a pact with Indraprastha Gas Limited (IGL) to set up a meter manufacturing plant at an estimated cost of Rs 110 crore. The unit will be set up through a joint venture company, VLF said in a statement on Monday.Genesis Gas Solutions Pvt Ltd (Genesis) has entered into a JV agreement with IGL to set up a smart meter manufacturing plant with a capex of Rs 110 crore, ...
Key Stock Ideas: Genesis, Jindal Stainless, Sun Pharma, Mercedes Benz India - ARETE Securities
Key Stock Ideas: Genesis, Jindal Stainless, Sun Pharma, Mercedes Benz India - ARETE Securities
Source: ARETE Securities Ltd
8/03/2023 9:59:02 AM
Jindal Stainless jumps on partnering with CII Jindal Stainless is currently trading at Rs. 260.80, up by 4.90 points or 1.91% from its previous closing of Rs. 255.90 on the BSE. The scrip opened at Rs. 256.65 and has touched a high and low of Rs. 261.70 and Rs. 256.65 respectively. So far 38321 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 275.00 on 22-Feb-2023 and a 52 week low of Rs. 95.05 on 20-Jun-2022. Last one week high and low of the scrip stood at...
Jindal Stainless jumps on partnering with CII
Jindal Stainless jumps on partnering with CII
Source: Accord Fintech
28/02/2023 2:19:42 PM
India steel imports from Russia rise to eight-year high in April-January India's imports of Russian steel rose to an eight-year high during the first 10 months of the financial year that began in April 2022, government data compiled by Reuters showed. India, the world's second-largest crude steel producer, imported 281,000 tonnes of steel from Russia between April and January, nearly five times higher than the same period a year ago, the data showed. The rising imports are the result of shift in Russian steel trade flows to Asia after Western sanctio...
India steel imports from Russia rise to eight-year high in April-January
India steel imports from Russia rise to eight-year high in April-January
Source: Reuters
21/02/2023 9:08:25 AM
India`s Jindal Stainless expects exports to hit five-year high India's Jindal Stainless Ltd expects its exports to reach a five-year high in the next fiscal year, buoyed by increased shipments to Russia and its plans to enter markets in South America and the Middle East. India's biggest stainless steel manufacturer expects itsexports to jump to 25%-30% of overall sales in the fiscal yearbeginning April, from an estimated 12% in the ongoing fiscal year, Abhyuday Jindal, managing director of Jindal Stainless, told Reuters in an interview. &qu...
India`s Jindal Stainless expects exports to hit five-year high
India`s Jindal Stainless expects exports to hit five-year high
Source: Reuters
8/02/2023 3:46:01 PM
Buy Jindal Stainless Ltd For Target Rs.300 - ICICI Securities Volume growth a major positive 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 alltime 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; 3) proportion of exports declined to an all-time low of a mere 3% owing to the lev...
Buy Jindal Stainless Ltd For Target Rs.300 - ICICI Securities
Buy Jindal Stainless Ltd For Target Rs.300 - ICICI Securities
Source: ICICI Securities Ltd
26/01/2023 11:38:20 AM
Jindal Stainless (Hi Q3 net profit down 34.44% at Rs 223.58 cr The company reported standalone net profit of Rs 223.58 crore for the quarter ended December 31, 2022 as compared to Rs 341.04 crore in the same period last year, registering a year-on-year decline of 34.44 per cent. Net revenue of the company declined marginally by 1.44 per cent at Rs 3,765.43 crore in October-December quarter of this fiscal as against Rs 3,820.33 crore in the corresponding period last year. During October-December quarter, operating expenses increased by 3.84 per cent to Rs...
Jindal Stainless (Hi Q3 net profit down 34.44% at Rs 223.58 cr
Jindal Stainless (Hi Q3 net profit down 34.44% at Rs 223.58 cr
Source: Dion Global Services Ltd.
24/01/2023 12:12:31 PM
Buy Jindal Stainless Ltd For Target Rs.180 - ICICI Securities Volume growth a major positive Jindal Stainless’ (JSL) Q2FY23 performance was ahead of street estimates. Key points: 1) Sales volumes were up 5% YoY (14% QoQ) to an all-time high of 270.4kte; 2) blended realisation however was down 11% QoQ tracking international prices and higher hollow-ware sales in the domestic market; 3) proportion of exports dipped to an all-time low of 5% owing to levy of export duty; 4) capex has accelerated in line with guidance to complete the brownfield expa...
Buy Jindal Stainless Ltd For Target Rs.180 - ICICI Securities
Buy Jindal Stainless Ltd For Target Rs.180 - ICICI Securities
Source: ICICI Securities Ltd
16/12/2022 12:14:06 PM
Jindal Stainless jumps on signing contract with ReNew Power to setup renewable energy project Jindal Stainless is currently trading at Rs. 180.85, up by 1.75 points or 0.98% from its previous closing of Rs. 179.10 on the BSE. The scrip opened at Rs. 178.35 and has touched a high and low of Rs. 184.10 and Rs. 177.85 respectively. So far 2131135 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 224.60 on 08-Feb-2022 and a 52 week low of Rs. 95.05 on 20-Jun-2022. Last one week high and low of the scrip stood ...
Jindal Stainless jumps on signing contract with ReNew Power to setup renewable energy project
Jindal Stainless jumps on signing contract with ReNew Power to setup renewable energy project
Source: Accord Fintech
6/12/2022 2:53:07 PM
Buy Jindal Stainless Ltd For Target Rs.180 - ICICI Direct Healthy uptick in sales volumes both QoQ, YoY… About the stock: Jindal Stainless (JSL) is among the leading stainless steel manufacturing companies in the world & India’s largest stainless steel manufacturer. * JSL operates an integrated stainless steel plant at Jajpur, Odisha. The complex has a total stainless steel capacity of 1.1 million tonnes per annum * The company has readily leveragable infrastructure for cost efficient brownfield expansion Q2FY23 Results:...
Buy Jindal Stainless Ltd For Target Rs.180 - ICICI Direct
Buy Jindal Stainless Ltd For Target Rs.180 - ICICI Direct
Source: ICICI Direct
7/11/2022 1:46:55 PM
Jindal Stainless rises despite reporting 63% fall in Q2 consolidated net profit Jindal Stainless is currently trading at Rs. 149.00, up by 1.85 points or 1.26% from its previous closing of Rs. 147.15 on the BSE. The scrip opened at Rs. 142.85 and has touched a high and low of Rs. 151.00 and Rs. 141.00 respectively. So far 339992 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 224.60 on 08-Feb-2022 and a 52 week low of Rs. 95.05 on 20-Jun-2022. Last one week high and low of the scrip stood a...
Jindal Stainless rises despite reporting 63% fall in Q2 consolidated net profit
Jindal Stainless rises despite reporting 63% fall in Q2 consolidated net profit
Source: IANS
3/11/2022 3:11:23 PM
Jindal Stainless issues 4-year bonds - traders  India's Jindal Stainless raised 990 million rupees ($12.09 million) through a sale of bonds maturing in four years, three merchant bankers said on Thursday. The company will pay an annual coupon of 8.62% to the investors of this issue, they said. The notes are rated AA- by CRISIL and the issue closed for subscription on Wednesday. ($1 = 81.8650 Indian rupees)    
Jindal Stainless issues 4-year bonds - traders
Jindal Stainless issues 4-year bonds - traders
Source: Reuters
29/09/2022 4:15:39 PM
Buy Jindal Stainless Ltd For Target Rs.135 - ICICI Direct Steady operational performance About the stock: Jindal Stainless (JSL) is among the leading stainless steel manufacturing companies in the world & India’s largest stainless steel manufacturer. * JSL operates an integrated stainless steel plant at Jajpur, Odisha. The complex has a total stainless steel capacity of 1.1 million tonnes per annum * The company has readily leveragable infrastructure for cost efficient brownfield expansion Q1FY23 Results: JSL reported a steady ...
Buy Jindal Stainless Ltd For Target Rs.135 - ICICI Direct
Buy Jindal Stainless Ltd For Target Rs.135 - ICICI Direct
Source: ICICI Direct
29/09/2022 4:03:53 PM
Board of Jindal Stainless approves fund raising up to Rs 99 cr The Board of Jindal Stainless at its meeting held on 23 September 2022 has approved to raise funds by way of issue of upto 990 rated, listed, unsecured, redeemable, non-convertible debentures having face value of Rs. 10,00,000, aggregating to Rs. 99 crore, through private placement basis.
Board of Jindal Stainless approves fund raising up to Rs 99 cr
Board of Jindal Stainless approves fund raising up to Rs 99 cr
Source: Dion Global Solutions Ltd
26/09/2022 12:18:48 PM
ECIL adds new client to its portfolio by winning Rs 97 cr contract from Jindal Stainless  In a social media post, Essar Constructions India Limited has claimed to have added Jindal Stainless Ltd. as its client by winning a Rs 97-crore contract. Essar Constructions India Ltd. (ECIL) -- the Indian arm of Essar Projects -- has taken yet another step forward and added Jindal Stainless Ltd. as a new Client to its portfolio by bagging a contract worth around Rs 97 crore for Mechanical works for 2307 cum Blast Furnace at Jajpur. Speaking on the occasion, Sejal Jani, Head - Bu...
ECIL adds new client to its portfolio by winning Rs 97 cr contract from Jindal Stainless
ECIL adds new client to its portfolio by winning Rs 97 cr contract from Jindal Stainless
Source: IANS
16/09/2022 12:45:54 PM
Key Stock News: Mahindra Lifespaces, Redington India, Reliance Infrastructure, Jindal Stainless, Kotak Securities, Air India - ARETE Securities Mahindra Lifespaces to buy land parcels with Rs 3k-crore sales value Realty firm Mahindra Lifespace Developers is looking to acquire a few land parcels this fiscal to build housing projects with sales potential of Rs 3,000- 4,000 crore, a top company official said. The company will acquire these land parcels either through outright purchase or by forming Joint Development Agreements (JDAs) with landowners.   Redington India to retail iPhone 14, Apple Watch series 8 across locati...
Key Stock News: Mahindra Lifespaces, Redington India, Reliance Infrastructure, Jindal Stainless, Kotak Securities, Air India - ARETE Securities
Key Stock News: Mahindra Lifespaces, Redington India, Reliance Infrastructure, Jindal Stainless, Kotak Securities, Air India - ARETE Securities
Source: ARETE Securities Ltd
12/09/2022 10:13:26 AM
Buy Jindal Stainless Ltd For Target Rs.200 - ICICI Securities Gross margins/te expanded QoQ; export duty imposition drives EBITDA weakness Jindal Stainless (JSL) reported better than expected EBIDTA of Rs23,294/te, down 25.5% QoQ. Decline in EBIDTA (QoQ) was mainly due to higher other expenses – presumably due to export duty paid. Q1FY23 consolidated EBITDA (JSL) at ~Rs5,486.5mn, with volumes of 0.236mnte (down ~1% YoY), was lower by ~8.7% YoY. Net external debt increased to Rs20.98bn in Q1FY23 as against Rs15.46bn in Q4FY22. Company’s pe...
Buy Jindal Stainless Ltd For Target Rs.200 - ICICI Securities
Buy Jindal Stainless Ltd For Target Rs.200 - ICICI Securities
Source: ICICI Securities Ltd
6/09/2022 10:32:44 AM
Buy Jindal Stainless Ltd For Target Rs.229 - Centrum Broking Ltd JUSL acquisition? Capital allocation in the right direction  Jindal Stainless (JDSL) reported marginally below estimates consol EBITDA of Rs5.48bn (CentrumE: Rs5.82bn) owing to lower overseas subsidiaries operational performance. The  standalone  numbers  stood in line with EBITDA  of Rs5.2bn  (CentrumE: Rs5.0bn) down 31% QoQ. The decline is despite increase in gross margin from 28% in Q4 to 32% in  Q1FY23.  Lower &...
Buy Jindal Stainless Ltd For Target Rs.229 - Centrum Broking Ltd
Buy Jindal Stainless Ltd For Target Rs.229 - Centrum Broking Ltd
Source: Centrum Broking Ltd
31/08/2022 10:50:36 AM
Linde India rises on inking long-term agreement with Jindal Stainless Linde India is currently trading at Rs. 3724.60, up by 44.65 points or 1.21% from its previous closing of Rs. 3679.95 on the BSE. The scrip opened at Rs. 3699.00 and has touched a high and low of Rs. 3742.90 and Rs. 3655.00 respectively. So far 89 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 4192.35 on 11-Apr-2022 and a 52 week low of Rs. 1701.85 on 05-Aug-2021. Last one week high and low of the scrip stood ...
Linde India rises on inking long-term agreement with Jindal Stainless
Linde India rises on inking long-term agreement with Jindal Stainless
Source: Accord fintech
2/08/2022 10:18:05 AM
Jindal Stainless trades in green on getting nod to acquire 74% stake in Jindal United Steel Jindal Stainless is currently trading at Rs. 116.00, up by 0.40 points or 0.35% from its previous closing of Rs. 115.60 on the BSE. The scrip opened at Rs. 116.00 and has touched a high and low of Rs. 116.35 and Rs. 112.85 respectively. So far 76999 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 224.60 on 08-Feb-2022 and a 52 week low of Rs. 95.05 on 20-Jun-2022. Last one week high and low of the scrip stood at...
Jindal Stainless trades in green on getting nod to acquire 74% stake in Jindal United Steel
Jindal Stainless trades in green on getting nod to acquire 74% stake in Jindal United Steel
Source: Accord Fintech
27/07/2022 12:24:35 PM
Jindal Stainless Q1 net profit up 5.64% at Rs 286.74 cr The company reported standalone net profit of Rs 286.74 crore for the quarter ended June 30, 2022 as compared to Rs 271.42 crore in the same period last year, registering a year-on-year growth of 5.64 per cent. Net revenue of the company rose substantially by 38.92 per cent at Rs 5,336.41 crore in April-June quarter of this fiscal as against Rs 3,841.27 crore in the corresponding period last year. During April-June quarter, operating expenses increased by 47.58 per cent to Rs 4,813.15 cror...
Jindal Stainless Q1 net profit up 5.64% at Rs 286.74 cr
Jindal Stainless Q1 net profit up 5.64% at Rs 286.74 cr
Source: Dion Global Solutions Ltd
26/07/2022 10:58:21 AM
Key Stock News - Indian Energy Exchange, Century Textiles, Jindal Stainless, Glaxosmithkline Pharma, Adani Ports, Bajaj Auto - ARETE Securities Key News IEX net rises 11% to Rs 69 cr in June quarter on back of higher revenues Indian Energy Exchange (IEX) on Monday posted over 11 per cent rise in its consolidated net profit to Rs 69.12 crore in the June quarter compared to the year-ago period on the back of higher revenues. The consolidated net profit of the company was Rs 62.10 crore in the quarter ended on June 30, 2021, a BSE filing said. Total income of the company increased to Rs 113.39 crore in the quarter from Rs 102.87 c...
Key Stock News - Indian Energy Exchange, Century Textiles, Jindal Stainless, Glaxosmithkline Pharma, Adani Ports, Bajaj Auto - ARETE Securities
Key Stock News - Indian Energy Exchange, Century Textiles, Jindal Stainless, Glaxosmithkline Pharma, Adani Ports, Bajaj Auto - ARETE Securities
Source: ARETE Securities Ltd
26/07/2022 9:55:06 AM
Key Stock News - Maruti Suzuki, Vedanta, L&T Realty, SBI, Jindal Stainless, Porsche India - ARETE Securities Key News Maruti Suzuki launches new S-Presso with starting price at Rs 4.25 lakh The country's largest carmaker Maruti Suzuki India on Monday said it has launched new version of its entry level hatchback S-Presso priced between Rs 4.25 lakh and Rs 5.99 lakh (ex-showroom price). The manual variants of the model are priced between Rs 4.25 lakh and Rs 5.49 lakh while the trims with Automatic Gear Shift (AGS) are tagged at Rs 5.65 lakh and Rs 5.99 lakh.   Vedanta keen to coll...
Key Stock News - Maruti Suzuki, Vedanta, L&T Realty, SBI, Jindal Stainless, Porsche India - ARETE Securities
Key Stock News - Maruti Suzuki, Vedanta, L&T Realty, SBI, Jindal Stainless, Porsche India - ARETE Securities
Source: ARETE Securities Ltd
19/07/2022 9:25:59 AM
Buy Jindal Stainless Ltd For Target Rs.225 - ICICI Direct Performs well… About the stock: Jindal Stainless (JSL) is among the leading stainless steel manufacturing companies in the world and India’s largest stainless steel manufacturer. * JSL operates an integrated stainless steel plant at Jajpur, Odisha. The complex has a total stainless steel capacity of 1.1 million tonnes per annum * The company has readily leveragable infrastructure for cost efficient brownfield expansion Q4FY22 Results: Jindal Stainless (JSL) reported a...
Buy Jindal Stainless Ltd For Target Rs.225 - ICICI Direct
Buy Jindal Stainless Ltd For Target Rs.225 - ICICI Direct
Source: ICICI Direct
12/05/2022 11:57:39 AM
Jindal Stainless surges on reporting around 3-fold jump in Q4 consolidated net profit Jindal Stainless is currently trading at Rs. 181.55, up by 1.80 points or 1.00% from its previous closing of Rs. 179.75 on the BSE. The scrip opened at Rs. 189.00 and has touched a high and low of Rs. 190.95 and Rs. 179.40 respectively. So far 106302 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 224.60 on 08-Feb-2022 and a 52 week low of Rs. 87.45 on 04-May-2021. Last one week high and low of the scrip stood a...
Jindal Stainless surges on reporting around 3-fold jump in Q4 consolidated net profit
Jindal Stainless surges on reporting around 3-fold jump in Q4 consolidated net profit
Source: Accord Fintech
4/05/2022 3:33:18 PM
Shareholders, creditors of Jindal Steel & JSHL approve merger scheme The ongoing merger process of Jindal Stainless Limited (JSL) and Jindal Stainless (Hisar) Limited (JSHL) has achieved another milestone as they convened meetings of their shareholders and creditors for approving the Scheme of Arrangement between the two companies. Notably, the scheme of merger was approved by an overwhelming majority, it said in a statement. The meetings to approve the Scheme of Arrangement were organised on April 23, pursuant to the order pronounced by the National Com...
Shareholders, creditors of Jindal Steel & JSHL approve merger scheme
Shareholders, creditors of Jindal Steel & JSHL approve merger scheme
Source: IANS
26/04/2022 4:55:17 PM
Buy Jindal Stainless Ltd For Target Rs.252 - ICICI Securities Spread guidance upped Higher working capital doesn’t allow deleveraging for converters in an upcycle. Same trend is being seen for Jindal Stainless (JSL). WC has increased by Rs30bn in 9MFY22, leading to an increase in net debt during the same period. Due to continued strength in European and US prices, JSL has been able to withstand the sharp fall witnessed in regional markets (China 300 series). This, coupled with inventory valuation gains (Scrap, Nickel and Ferrochrome), explains ...
Buy Jindal Stainless Ltd For Target Rs.252 - ICICI Securities
Buy Jindal Stainless Ltd For Target Rs.252 - ICICI Securities
Source: ICICI Securities Ltd
7/03/2022 1:04:20 PM
Jindal Stainless surges on raising Rs 375 crore via NCDs Jindal Stainless is currently trading at Rs. 187.25, up by 10.60 points or 6.00 % from its previous closing of Rs. 176.65 on the BSE. The scrip opened at Rs. 176.65 and has touched a high and low of Rs. 188.85 and Rs. 176.65 respectively. So far 69789 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 224.60 on 08-Feb-2022 and a 52 week low of Rs. 60.30 on 19-Mar-2021. Last one week high and low of the scrip stood ...
Jindal Stainless surges on raising Rs 375 crore via NCDs
Jindal Stainless surges on raising Rs 375 crore via NCDs
Source: Accord Fintech
25/02/2022 1:18:25 PM
Jindal Stainless rises on the BSE Jindal Stainless is currently trading at Rs. 191.45, up by 2.05 points or 1.08% from its previous closing of Rs. 189.40 on the BSE. The scrip opened at Rs. 180.00 and has touched a high and low of Rs. 193.25 and Rs. 175.00 respectively. So far 212213 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 224.60 on 08-Feb-2022 and a 52 week low of Rs. 60.30 on 19-Mar-2021. Last one week high and low of the scrip stood a...
Jindal Stainless rises on the BSE
Jindal Stainless rises on the BSE
Source: Accord Fintech
22/02/2022 3:38:43 PM
Jindal Stainless rises on the bourses Jindal Stainless is currently trading at Rs. 201.35, up by 1.80 points or 0.90% from its previous closing of Rs. 199.55 on the BSE. The scrip opened at Rs. 200.00 and has touched a high and low of Rs. 202.30 and Rs. 196.25 respectively. So far 99387 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 224.60 on 08-Feb-2022 and a 52 week low of Rs. 60.30 on 19-Mar-2021. Last one week high and low of the scrip stood at...
Jindal Stainless rises on the bourses
Jindal Stainless rises on the bourses
Source: Accord Fintech
17/02/2022 12:27:51 PM
Jindal Stainless moves up on the bourses Jindal Stainless is currently trading at Rs. 216.50, up by 4.90 points or 2.32% from its previous closing of Rs. 211.60 on the BSE. The scrip opened at Rs. 213.45 and has touched a high and low of Rs. 219.50 and Rs. 211.00 respectively. So far 193055 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 219.65 on 21-Jan-2022 and a 52 week low of Rs. 60.30 on 19-Mar-2021. Last one week high and low of the scrip stood a...
Jindal Stainless moves up on the bourses
Jindal Stainless moves up on the bourses
Source: Accord Fintech
4/02/2022 3:33:43 PM
Jindal Stainless shines as Ind-Ra upgraded its long-term issuer rating Jindal Stainless is currently trading at Rs. 210.60, up by 3.70 points or 1.79% from its previous closing of Rs. 206.90 on the BSE. The scrip opened at Rs. 207.50 and has touched a high and low of Rs. 211.75 and Rs. 205.50 respectively. So far 43445 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 219.65 on 21-Jan-2022 and a 52 week low of Rs. 60.30 on 19-Mar-2021. Last one week high and low of the scrip stood at...
Jindal Stainless shines as Ind-Ra upgraded its long-term issuer rating
Jindal Stainless shines as Ind-Ra upgraded its long-term issuer rating
Source: Accord Fintech
2/02/2022 2:21:40 PM
Orissa Bengal Carrier surges on getting LoI for transportation of materials of Jindal Stainless Orissa Bengal Carrier is currently trading at Rs. 361.00, up by 12.30 points or 3.53% from its previous closing of Rs. 348.70 on the BSE. The scrip opened at Rs. 361.70 and has touched a high and low of Rs. 362.70 and Rs. 359.90 respectively. So far 16000 shares were traded on the counter. The BSE group 'M' stock of face value Rs. 10 has touched a 52 week high of Rs. 362.70 on 04-Jan-2022 and a 52 week low of Rs. 22.40 on 02-Jun-2021. Last one week high and low of the scrip s...
Orissa Bengal Carrier surges on getting LoI for transportation of materials of Jindal Stainless
Orissa Bengal Carrier surges on getting LoI for transportation of materials of Jindal Stainless
Source: Accord Fintech
4/01/2022 10:09:07 AM
Jindal Stainless surges on launching first branded Chequered Stainless Steel sheet ‘Infinity’ Jindal Stainless is currently trading at Rs. 184.95, up by 0.75 points or 0.41% from its previous closing of Rs. 184.20 on the BSE. The scrip opened at Rs. 184.20 and has touched a high and low of Rs. 186.30 and Rs. 177.15 respectively. So far 139039 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 207.70 on 27-Oct-2021 and a 52 week low of Rs. 60.30 on 19-Mar-2021. Last one week high and low of the scrip stood a...
Jindal Stainless surges on launching first branded Chequered Stainless Steel sheet ‘Infinity’
Jindal Stainless surges on launching first branded Chequered Stainless Steel sheet ‘Infinity’
Source: Accord Fintech
17/12/2021 11:52:39 AM
Buy Jindal Stainless Ltd For Target Rs.250 - ICICI Securities Revises up FY22 EBITDA guidance Jindal Stainless (JSL) management increased the FY22 EBITDA guidance to Rs24,000-25,000/te given the H1FY22 performance. The guidance does not factor in Rs770mn of forex gains in H1FY22. While deleveraging is a priority, H2FY22 will see a meaningful capex pickup, which may not allow significant deleveraging. We believe management guidance is a bit conservative, specially given the possibility of working capital release in H2FY22. All brownfield expansions ar...
Buy Jindal Stainless Ltd For Target Rs.250 - ICICI Securities
Buy Jindal Stainless Ltd For Target Rs.250 - ICICI Securities
Source: ICICI Securities
1/12/2021 11:15:15 AM
Buy Jindal Stainless Ltd For Target Rs.250 - ICICI Securities Strong earnings momentum to drive rerating Jindal Stainless (JSL) reported better-than-expected Q2FY22 EBITDA, with EBITDA/te increasing by ~Rs3,862/te QoQ. H1FY22 consolidated EBITDA (JSL) of Rs13.5bn with combined volumes of 0.495kte leads to volume as well as margin upgrade for FY22E. Increasing raw material prices (nickel and ferrochrome up ~10/21% QoQ) helped inventory valuation and consequently EBITDA. Q2FY22 EBITDA also includes a forex gain of ~ Rs610mn. Increase in working capital...
Buy Jindal Stainless Ltd For Target Rs.250 - ICICI Securities
Buy Jindal Stainless Ltd For Target Rs.250 - ICICI Securities
Source: ICICI Securities
22/11/2021 10:14:24 AM
Buy Jindal Stainless Ltd For Target Rs.250 - ICICI Direct Performs well… About the stock: Jindal Stainless (JSL) is India’s largest stainless steel manufacturer. JSL operates an integrated stainless steel plant at Jajpur, Odisha. The complex has a total stainless steel capacity of 1.1 million tonnes per annum (MTPA). * 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 l...
Buy Jindal Stainless Ltd For Target Rs.250 - ICICI Direct
Buy Jindal Stainless Ltd For Target Rs.250 - ICICI Direct
Source: ICICI Direct
3/11/2021 11:27:32 AM