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Buy Jindal Steel and Power Ltd For Target Rs. 790 - Motilal Oswal Financial Services Ltd * Sales volumes grew 6% YoY to 1.8mt (in line with our estimate of 1.9mt) and exports stood at 10% of total sales. * Revenue grew 4% YoY at INR126b, in line with our estimate of INR129b. ASP rose by INR2,034/t YoY to INR68,415/t, below our estimate of INR66,381/t. * EBITDA declined 24% YoY to INR26b, 16% above our estimate of INR23b. The beat was led by lower input costs, partially offset by higher other expenses. EBITDA/t stood at INR14,283 vs. estimate of INR11,653. * APAT improved...
Buy Jindal Steel and Power Ltd For Target Rs. 790 - Motilal Oswal Financial Services Ltd
Buy Jindal Steel and Power Ltd For Target Rs. 790 - Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd
24/08/2023 3:07:23 PM
Buy Jindal Steel and Power Ltd For Target Rs. 764 - Centrum Broking Strong Q1 result; cost efficiency to come into play Jindal Steel & Power (JSPL) reported higher-than-expected consol adj. EBITDA of ~Rs26.2bn (CentrumE: Rs21.6bn), up 20% QoQ and adj EBITDA/t of Rs14,283 (CentrumE: Rs11,217), up ~Rs3,248/t QoQ. The increase is largely due to combination of higher realisation and lower cost. During the quarter, JSP received approval for 2 coal mines out of 4 allocated to the company. This will help to replace e-auction coal supplies and after fully ramp...
Buy Jindal Steel and Power Ltd For Target Rs. 764 - Centrum Broking
Buy Jindal Steel and Power Ltd For Target Rs. 764 - Centrum Broking
Source: Centrum Broking Ltd
22/08/2023 3:13:24 PM
Buy Jindal Steel & Power For Target Rs.790 - Motilal Oswal Financial Services Revenue in line; lower input costs and better operational efficiencies drive EBITDA beat * Sales volumes grew 6% YoY to 1.8mt (in line with our estimate of 1.9mt) and exports stood at 10% of total sales. * Revenue grew 4% YoY at INR126b, in line with our estimate of INR129b. ASP rose by INR2,034/t YoY to INR68,415/t, below our estimate of INR66,381/t. * EBITDA declined 24% YoY to INR26b, 16% above our estimate of INR23b. The beat was led by lower input costs, partially offset by high...
Buy Jindal Steel & Power For Target Rs.790 - Motilal Oswal Financial Services
Buy Jindal Steel & Power For Target Rs.790 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services
14/08/2023 2:51:20 PM
Stock of the day : Buy Jindal Steel Power Ltd For Target Rs.645 - Religare Broking Jindal Steel Power Ltd * We are seeing gradual recovery in the metal space too but participation is still restricted. * Jindalstel is among the top performing counter based on the recent price action and we expect the tone to continue. * It has witnessed a fresh breakout from a broadening formation and likely to make a new record high soon. * We thus recommend creating fresh longs in the mentioned zone.   Buy Hindustan Unilever Ltd CMP 609.10; Range 607-610; S...
Stock of the day : Buy Jindal Steel Power Ltd For Target Rs.645 - Religare Broking
Stock of the day : Buy Jindal Steel Power Ltd For Target Rs.645 - Religare Broking
Source: Religare Broking Ltd
5/07/2023 10:33:04 AM
LTIMindtree to replace HDFC in India's Nifty 50 index on July 13 Indian stock exchange NSE on Tuesday said its Index Maintenance Sub-Committee has decided to replace Housing Development Finance Corporation (HDFC) with LTIMindtree in the benchmark Nifty 50 index, effective July 13. The replacement comes after HDFC merged with HDFC Bank on July 1. Analysts had earlier said that LTIMindtree was an expected replacement in the Nifty 50 index after HDFC stops trading. As per preliminary calculations of Nuvama Alternative and Quantitative Research analys...
LTIMindtree to replace HDFC in India's Nifty 50 index on July 13
LTIMindtree to replace HDFC in India's Nifty 50 index on July 13
Source: Reuters
4/07/2023 7:42:32 PM
Buy Jindal Steel & Power For Target Rs.720 - Motilal Oswal Financial Services Capacity expansion on track to become a mega steel producer * JSP is all set to capture rising domestic steel demand amid the rapid expansion in infrastructure, railways, housing and construction. We believe JSP is adding capacity at a right time to capture the robust growth opportunity. * JSP is a leading integrated steel manufacturer (~9.6mt of crude steel production capacity) in India with strong raw material (RM) linkages, which ensures adequate and timely supply. JSP has two iron o...
Buy Jindal Steel & Power For Target Rs.720 - Motilal Oswal Financial Services
Buy Jindal Steel & Power For Target Rs.720 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services
24/06/2023 10:36:48 AM
Buy Jindal Steel & Power Ltd For Target Rs 675 - JM Financial Institutional Securities Ltd Jindal Steel reported 4Q consol EBITDA of INR21.8bn, significantly lower than JMfe of INR25.6bn - driven primarily by a) comprehensive inventory review company-wide leading to a write-off / write down of INR2.5bn towards finished goods / raw material b) higher iron ore cost given increased spread between lumps and fines prices. The company thereby reported an EBITDA/t of INR10.5k/t - down INR1.3k/t QoQ, despite a sharp increase in realisation and volumes. The company reported a net debt of IN...
Buy Jindal Steel & Power Ltd For Target Rs 675 - JM Financial Institutional Securities Ltd
Buy Jindal Steel & Power Ltd For Target Rs 675 - JM Financial Institutional Securities Ltd
Source: JM Financial Institutional Securities Ltd
23/05/2023 12:18:05 PM
India's Jindal Steel's Q4 profit down 70% as prices fall, expenses rise Jindal Steel and Power Ltd reported a 69.5% fall in quarterly profit on Tuesday, hurt by lower steel prices and higher costs of raw materials like iron. India's steel industry, already grappling with a slump in prices, was also hit with an export tax on certain steel intermediaries last year, which was withdrawn in November. The New Delhi based company reported consolidated reported profit after tax of 4.66 billion rupees ($56.98 million), down from the 15.27 billion rupees it earne...
India's Jindal Steel's Q4 profit down 70% as prices fall, expenses rise
India's Jindal Steel's Q4 profit down 70% as prices fall, expenses rise
Source: Reuters
17/05/2023 9:20:03 AM
India's Jindal Steel's Q4 profit down 70% as prices fall, expenses rise BENGALURU - Jindal Steel and Power Ltd reported a 69.5% fall in quarterly profit on Tuesday, hurt by lower steel prices and higher costs of raw materials like iron. India's steel industry, already grappling with a slump in prices, was also hit with an export tax on certain steel intermediaries last year, which was withdrawn in November. The New Delhi based company reported consolidated reported profit after tax of 4.66 billion rupees ($56.98 million), down from the 15.27 billion rup...
India's Jindal Steel's Q4 profit down 70% as prices fall, expenses rise
India's Jindal Steel's Q4 profit down 70% as prices fall, expenses rise
Source: Reuters
16/05/2023 7:15:43 PM
Orissa Bengal Carrier shines on entering into contract with Jindal Steel & Power Orissa Bengal Carrier is currently trading at Rs. 66.65, up by 3.28 points or 5.18% from its previous closing of Rs. 63.37 on the BSE. The scrip opened at Rs. 66.00 and has touched a high and low of Rs. 68.26 and Rs. 63.50 respectively. So far 22415 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 163.95 on 20-Apr-2022 and a 52 week low of Rs. 46.65 on 27-Feb-2023. Last one week high and low of the scrip stood a...
Orissa Bengal Carrier shines on entering into contract with Jindal Steel & Power
Orissa Bengal Carrier shines on entering into contract with Jindal Steel & Power
Source: Accord Fintech
13/04/2023 12:57:56 PM
Stock of the day : Sell March Futs Jindal Steel & Power Ltd For Target Rs. 512 - Religare Broking Jindal Steel & Power Ltd  * Metal pack is also facing heat in line with the decline in the benchmark index. * Jindalsteel has posted a fresh breakdown from its support zone of medium term moving averages i.e. 100 EMA. * All indications are pointing towards a gradual fall from hereon. * We thus suggest traders to create fresh shorts in the given range.   Sell March Futs Jindal Steel & Power Ltd CMP: 533.90 Range:538-542: 6 SL: 554 Target:...
Stock of the day : Sell March Futs Jindal Steel & Power Ltd For Target Rs. 512 - Religare Broking
Stock of the day : Sell March Futs Jindal Steel & Power Ltd For Target Rs. 512 - Religare Broking
Source: Religare Broking Ltd
27/03/2023 10:37:40 AM
Jindal Stainless gains on eyeing to commence operation of hybrid project in next 18 months Jindal Steel & Power is currently trading at Rs. 581.50, up by 5.65 points or 0.98% from its previous closing of Rs. 575.85 on the BSE. The scrip opened at Rs. 584.75 and has touched a high and low of Rs. 588.90 and Rs. 578.00 respectively. So far 30781 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 622.40 on 01-Feb-2023 and a 52 week low of Rs. 304.20 on 22-Jun-2022. Last one week high and low of the scrip...
Jindal Stainless gains on eyeing to commence operation of hybrid project in next 18 months
Jindal Stainless gains on eyeing to commence operation of hybrid project in next 18 months
Source: Accord Fintech
13/03/2023 11:51:19 AM
Jindal Power bags Gare Palma Sector (East) coal block under forward auction Jindal Power Ltd on Friday won the bid for Gare Palma Sector 1 (East) coal block, which has geological reserves of 965 million tonnes. The coal block was successfully bid by Jindal Power under the forward auction of mines, which the Coal Ministry had started on February 27. This particular coal mine, located in Chhattisgarh, will, upon operationalisation, generate an annual revenue of Rs 1,968 crore and will attract a capital investment of Rs 2,250 crore, while providing employment to m...
Jindal Power bags Gare Palma Sector (East) coal block under forward auction
Jindal Power bags Gare Palma Sector (East) coal block under forward auction
Source: IANS
4/03/2023 10:09:32 AM
Buy Jindal Steel & Power Ltd For Target Rs 595 - ICICI Securities Capacity and cost-efficiencies to aid earnings Jindal Steel and Power (JSPL) has been the top performer among mainstream ferrous players with a robust return of 45% in past 3 months. However, we envisage further upside in the stock driven by: 1) cost-efficiencies as captive thermal coal mines ramp up; 2) logistical advantages from new conveyor belt and slurry pipeline; 3) upcoming capacity expansion of 6mtpa at Angul expected to result in a volume CAGR of 11% through to FY25E; and 4) acqui...
Buy Jindal Steel & Power Ltd For Target Rs 595 - ICICI Securities
Buy Jindal Steel & Power Ltd For Target Rs 595 - ICICI Securities
Source: ICICI Securities Ltd
25/02/2023 11:33:34 AM
Stock of the day : Buy 550 PE Jindal Steel & Power Ltd For Target Rs. 22 - Religare Broking JINDALSTEL * After a sharp rally, JINDALSTEL is currently witnessing profit taking. * It is gradually inching lower after the breakdown from the short term moving average (20 EMA) on the daily chart. * The current chart structure combined with the recent decline in metal pack is pointing towards further fall. * We thus suggest creating fresh short positions through the Put option.   Technical Chart : Daily BUY 550 PE Jindal Steel & Power Ltd CMP: 13.20&...
Stock of the day : Buy 550 PE Jindal Steel & Power Ltd For Target Rs. 22 - Religare Broking
Stock of the day : Buy 550 PE Jindal Steel & Power Ltd For Target Rs. 22 - Religare Broking
Source: Religare Broking Ltd
7/02/2023 12:13:16 PM
India's Jindal Steel posts Q3 profit drop as export tax bites India's Jindal Steel and Power Ltd reported a nearly 68% fall in third-quarter profit on Tuesday, hurt by the government's levy on exports and weak global demand. The company's consolidated net profit from continuing operations fell to 5.19 billion rupees ($63.26 million) in the three months ended Dec 31. India's steel industry, already grappling with a slump in prices, has been reeling since the government introduced an export tax on certain steel intermediaries in May....
India's Jindal Steel posts Q3 profit drop as export tax bites
India's Jindal Steel posts Q3 profit drop as export tax bites
Source: Reuters
31/01/2023 6:13:56 PM
Buy Jindal Steel & Power Ltd For Target Rs 595 - ICICI Securities Jindal Steel & Power Capacity and cost-efficiencies to aid earnings Jindal Steel and Power (JSPL) has been the top performer among mainstream ferrous players with a robust return of 45% in past 3 months. However, we envisage further upside in the stock driven by: 1) cost-efficiencies as captive thermal coal mines ramp up; 2) logistical advantages from new conveyor belt and slurry pipeline; 3) upcoming capacity expansion of 6mtpa at Angul expected to result in a volume CAGR of 11% th...
Buy Jindal Steel & Power Ltd For Target Rs 595 - ICICI Securities
Buy Jindal Steel & Power Ltd For Target Rs 595 - ICICI Securities
Source: ICICI Securities Ltd
24/01/2023 11:42:18 AM
Buy Jindal Steel & Power Ltd For Target Rs.750 - ICICI Securities   Capacity and cost-efficiencies to aid earnings Jindal Steel and Power (JSPL) has been the top performer among mainstream ferrous players with a robust return of 45% in past 3 months. However, we envisage further upside in the stock driven by: 1) cost-efficiencies as captive thermal coal mines ramp up; 2) logistical advantages from new conveyor belt and slurry pipeline; 3) upcoming capacity expansion of 6mtpa at Angul expected to result in a volume CAGR of 11% through to FY25E; an...
Buy Jindal Steel & Power Ltd For Target Rs.750 - ICICI Securities
Buy Jindal Steel & Power Ltd For Target Rs.750 - ICICI Securities
Source: ICICI Securities Ltd
14/01/2023 12:41:47 PM
Key Stock News: Jindal Steel and Power, Indian Oil Corporation, Jaiprakash Associates, HCL Technologies, Reliance Jio - ARETE Securities JSPL to invest Rs 1,500 crore to make Monnet Power project operational: MD Jindal Steel and Power Limited (JSPL) will invest up to Rs 1,500 crore to make recently-acquired Monnet Power operational, its Managing Director Bimlendra Jha said. The investment will be made over the period of the next 12 to 18 months, he said. In December 2022, the steelmaker acquired debt-laden Monnet Power for Rs 410 crore through the insolvency route. The 1,050 megawatts (MW) under-construction coal-based powe...
Key Stock News: Jindal Steel and Power, Indian Oil Corporation, Jaiprakash Associates, HCL Technologies, Reliance Jio - ARETE Securities
Key Stock News: Jindal Steel and Power, Indian Oil Corporation, Jaiprakash Associates, HCL Technologies, Reliance Jio - ARETE Securities
Source: ARETE Securities Ltd
9/01/2023 9:08:29 AM
Weekly Tech Picks: Canara Bank Ltd,Jindal Steel & Power Ltd,Mahindra CIE Automotive Ltd,Chambal Fertilizers & Chemicals Ltd By Axis Securities Canara Bank Ltd • CANBK on the weekly chart has decisively broken out above the “Multiple resistance zone” placed between 295-303 levels in Nov, 2022 • Stock had given a throwback till breakout area and forms a bullish engulfing candle at a breakout zone indicating reversal after a small profit booking, • Resistance zone between 295-303 was in place from Mar, 2018 and due to change of polarity resistance zone will now act as strong support • The wee...
Weekly Tech Picks: Canara Bank Ltd,Jindal Steel & Power Ltd,Mahindra CIE Automotive Ltd,Chambal Fertilizers & Chemicals Ltd By Axis Securities
Weekly Tech Picks: Canara Bank Ltd,Jindal Steel & Power Ltd,Mahindra CIE Automotive Ltd,Chambal Fertilizers & Chemicals Ltd By Axis Securities
Source: Axis Securities Ltd
2/01/2023 2:32:10 PM
LKP Spade : A Weekly Pick - Buy Jindal Steel & Power Ltd For Target Rs. 628/658 By LKP Securities * The stock is trading in a strong uptrend with higher high and higher low formations intact on all the time frames. * The stock had given a recent breakout from a falling trend line and now is showing further strength on the upside to cross its all-time high level. * The momentum indicators are in the strong buying zone which confirms the strength of the stock. * The lower-end support is visible at 568 which will act as a cushion for the bulls. Buy Jindal Steel & Power Lt...
LKP Spade : A Weekly Pick - Buy Jindal Steel & Power Ltd For Target Rs. 628/658 By LKP Securities
LKP Spade : A Weekly Pick - Buy Jindal Steel & Power Ltd For Target Rs. 628/658 By LKP Securities
Source: LKP Securities
2/01/2023 12:30:01 PM
Add Jindal Steel and Power Ltd For Target Rs. 583 - Centrum Broking Jindal Steel & Power (JSPL) reported lower-than-expected consol adj. EBITDA of ~Rs15.2bn (CentrumE: Rs20.3bn), down 49% QoQ and adj EBITDA/t of Rs7,557 (CentrumE: Rs10,714), down ~Rs9642/t QoQ. The decline is on account of lower realisation partially offset by higher volume and lower iron ore cost. We believe, EBITDA/t during the quarter has bottomed as benefit of lower coking coal prices and stable realisation will improve margins in H2FY23. JSPL prepaid its entire overseas long term deb...
Add Jindal Steel and Power Ltd For Target Rs. 583 - Centrum Broking
Add Jindal Steel and Power Ltd For Target Rs. 583 - Centrum Broking
Source: Centrum Broking
22/12/2022 11:30:14 AM
Buy Jindal Steel & Power Ltd For Target Rs.583 - JM Financial Institutional Securities Earnings to improve in H2FY23 Jindal Steel & Power (JSPL) reported lower-than-expected consol adj. EBITDA of ~Rs15.2bn (CentrumE: Rs20.3bn), down 49% QoQ and adj EBITDA/t of Rs7,557 (CentrumE: Rs10,714), down ~Rs9642/t QoQ. The decline is on account of lower realisation partially offset by higher volume and lower iron ore cost. We believe, EBITDA/t during the quarter has bottomed as benefit of lower coking coal prices and stable realisation will improve margins in H2FY23. JSPL prepaid ...
Buy Jindal Steel & Power Ltd For Target Rs.583 - JM Financial Institutional Securities
Buy Jindal Steel & Power Ltd For Target Rs.583 - JM Financial Institutional Securities
Source: Centrum Broking
21/12/2022 11:47:43 AM
Jindal Steel and Power surges on planning to spend Rs 7,930 crore under PLI scheme for specialty steel Jindal Steel and Power is currently trading at Rs. 549.35, up by 6.75 points or 1.24% from its previous closing of Rs. 542.60 on the BSE. The scrip opened at Rs. 541.05 and has touched a high and low of Rs. 551.80 and Rs. 541.05 respectively. So far 24400 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 577.70 on 11-Apr-2022 and a 52 week low of Rs. 304.20 on 22-Jun-2022. Last one week high and low of the scrip s...
Jindal Steel and Power surges on planning to spend Rs 7,930 crore under PLI scheme for specialty steel
Jindal Steel and Power surges on planning to spend Rs 7,930 crore under PLI scheme for specialty steel
Source: Accord Fintech
19/12/2022 11:11:18 AM
Buy Jindal Steel & Power Ltd For Target Rs.520 - JM Financial Institutional Securities Deleveraged balance sheet to aid growth capex JSPL reported consol. EBITDA of INR15.2bn (adj. for FX gain of INR4.1bn), lower than JMfe of INR19.9bn. Standalone EBITDA came in at INR14.3bn (adj. for FX gain of INR4.1bn) vs INR28.6bn in 1QFY23, implying an EBITDA/ton of INR7.1k. Exports stoodx at ~11% of total volumes vs 26% in 1QFY23 on account of export duty and weakened global demand. The company continues to maintain ~8.2-8.4 mn tons production guidance during FY23 primarily due to robu...
Buy Jindal Steel & Power Ltd For Target Rs.520 - JM Financial Institutional Securities
Buy Jindal Steel & Power Ltd For Target Rs.520 - JM Financial Institutional Securities
Source: JM Financial Institutional Securities Ltd
1/12/2022 2:09:20 PM
India`s Jindal wins bid to build Botswana's 300 MW coal power plant Botswana has picked India's Jindal Steel & Power Ltd as the preferred bidder in a tender to build a 300 megawatt (MW) coal-fired power plant, a notice from its energy ministry showed on Monday. It is the only fossil fuel-based power plant the Southern African country plans to procure in the next 20 years. Four companies were initially short-listed for the contract but one pulled out leaving Jindal, African Energy Resources and Minergy in a three-way race. Botswana has over 20...
India`s Jindal wins bid to build Botswana's 300 MW coal power plant
India`s Jindal wins bid to build Botswana's 300 MW coal power plant
Source: Reuters
22/11/2022 8:59:59 AM
Buy Jindal Steel & Power For Target Rs.565 - Motilal Oswal Financial Services EBITDA in line; strong results during tough times * Jindal Steel & Power (JSP) reported yet another in-line quarter. While the topline was higher than our estimates driven by higher ASP, EBITDA was in line post-adjusting for FX gains. The company reduced its net debt to INR70b (lowest among the top four listed steel companies in India). * Consolidated revenue was flattish YoY but up 4% QoQ to INR135b in 2QFY23. The 13% beat on revenue was driven by a 6% beat on ASP and a 7% beat on ...
Buy Jindal Steel & Power For Target Rs.565 - Motilal Oswal Financial Services
Buy Jindal Steel & Power For Target Rs.565 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
15/11/2022 12:23:20 PM
LKP Spade : A Weekly Pick - Buy Jindal Steel & Power Ltd For Target Rs. 512/536 By LKP Securities * The stock has given a strong breakout on the daily chart with volumes and has surpassed theprevious swing high. * The momentum oscillator RSI has also given a breakout from a falling trendline confirming thestrength in the stock. * The stock on the lower time frame is trading in a strong uptrend with higher high and higher lowformations intact. Buy Jindal Steel & Power Ltd @ Rs. 488 SL Below Rs. 463 CB Target Rs. Rs. 512/536 Duration ...
LKP Spade : A Weekly Pick - Buy Jindal Steel & Power Ltd For Target Rs. 512/536 By LKP Securities
LKP Spade : A Weekly Pick - Buy Jindal Steel & Power Ltd For Target Rs. 512/536 By LKP Securities
Source: LKP Securities Ltd
7/11/2022 12:02:33 PM
Stock Picks - Titan Ltd And Jindal Steel & Power Ltd By ICICI Direct Titan Company Ltd Buy Titan Compamy Ltd @ 2686.00-2692.00 CMP 2670.30 Stop Loss 2665.20 Target 2711.00/2732.00   Jindal Steel & Power Ltd Buy Jindal Steel & Power Ltd @ 455.00-457.00 CMP 451.25 Stop Loss 451.70 Target 460.30/465.00     To Read Complete Report & Disclaimer Click Here   Please refer disclaimer at https://secure.icicidirect.com/Content/Sta...
Stock Picks - Titan Ltd And Jindal Steel & Power Ltd By ICICI Direct
Stock Picks - Titan Ltd And Jindal Steel & Power Ltd By ICICI Direct
Source: ICICI Direct Ltd
27/10/2022 11:25:32 AM
Jindal Steel & Power inches up on signing MoU with Greenko Group Jindal Steel & Power is currently trading at Rs. 440.90, up by 1.40 points or 0.32% from its previous closing of Rs. 439.50 on the BSE. The scrip opened at Rs. 437.50 and has touched a high and low of Rs. 441.10 and Rs. 435.75 respectively. So far 12043 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 577.70 on 11-Apr-2022 and a 52 week low of Rs. 304.20 on 22-Jun-2022. Last one week high and low of the scrip...
Jindal Steel & Power inches up on signing MoU with Greenko Group
Jindal Steel & Power inches up on signing MoU with Greenko Group
Source: Accord Fintech
20/10/2022 10:42:07 AM
Stock Picks - Larsen&Toubro Infotech Ltd and Jindal Steel & power Ltd By ICICI Direct Larsen&Toubro Infotech Ltd Buy Larsen&Toubro Infotech Ltd @ 4552.00-4558.00 CMP 4526.15 Stop Loss 4510.40 Target 4600.50/4645.00   Jindal Steel & power Ltd Buy Jindal Steel & power Ltd @ 406.20-408.20 CMP 403.75 Stop Loss 403.20 Target 411.30/415.40     To Read Complete Report & Disclaimer Click Here   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Discla...
Stock Picks - Larsen&Toubro Infotech Ltd and Jindal Steel & power Ltd By ICICI Direct
Stock Picks - Larsen&Toubro Infotech Ltd and Jindal Steel & power Ltd By ICICI Direct
Source: ICICI Direct
29/09/2022 12:01:47 PM
John Cockerill India trades jubilantly on bagging order from Jindal Steel Odisha John Cockrill India is currently trading at Rs. 1300.00, up by 93.50 points or 7.75% from its previous closing of Rs. 1206.50 on the BSE. The scrip opened at Rs. 1190.00 and has touched a high and low of Rs. 1380.00 and Rs. 1164.00 respectively. So far 5094 shares were traded on the counter. The BSE group 'X' stock of face value Rs. 10 has touched a 52 week high of Rs. 1835.00 on 18-Apr-2022 and a 52 week low of Rs. 862.85 on 01-Oct-2021. Last one week high and low of the scr...
John Cockerill India trades jubilantly on bagging order from Jindal Steel Odisha
John Cockerill India trades jubilantly on bagging order from Jindal Steel Odisha
Source: Accord Fintech
28/09/2022 3:06:29 PM
Stock Picks - Titan Ltd and Jindal Steel & Power Ltd By ICICI Direct Titan Ltd BuyTitan Ltd Ltd@2662.00-2666.00 CMP 2661.151Stop Loss2639.70 Target 2686.00/2708.00   Jindal Steel & Power Ltd Buy Jindal Steel & Power Ltd@441.00-443.00.00 CMP 441.45 Stop Loss437.70 Target 446.00/449.90   To Read Complete Report & Disclaimer Click Here   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000...
Stock Picks - Titan Ltd and Jindal Steel & Power Ltd By ICICI Direct
Stock Picks - Titan Ltd and Jindal Steel & Power Ltd By ICICI Direct
Source: ICICI Direct
13/09/2022 11:32:11 AM
Value of promoter holding in BSE-500 stocks decline to 1.5% in June quarter: Kotak report The value of promoter pledge holding as a percentage of promoter holding declined to 1.5 per cent in the April-June quarter from 1.7 per cent in the previous quarter, according to the Kotak Institutional Equities report. Promoters of 81 companies in the BSE-500 Index have pledged part of their holdings in the June 2022 quarter. Only three companies had more than 80 per cent of their promoter holdings pledged. These companies are Thyrocare Technologies, Max Financial Services and Suzlon ...
Value of promoter holding in BSE-500 stocks decline to 1.5% in June quarter: Kotak report
Value of promoter holding in BSE-500 stocks decline to 1.5% in June quarter: Kotak report
Source: IANS
21/08/2022 9:32:23 AM
Reduce Jindal Steel & Power Ltd For Target Rs.295 - ICICI Securities Value will emerge as downcycle tightens its grip Jindal Steel and Power (JSPL) reported better-than-expected EBITDA in Q1FY23. Timing of sales and inventory helped report an EBITDA beat. EBITDA/te (adjusted for forex gains) increased ~Rs2,900/te QoQ to reach Rs16,464/te in Q1FY23. Marginal net debt reduction of Rs11bn QoQ disappointed. Working capital buildup of Rs25-30bn did offset an impressive operational performance of +Rs30bn cashinflow on the completion of the JPL deal. Overseas oper...
Reduce Jindal Steel & Power Ltd For Target Rs.295 - ICICI Securities
Reduce Jindal Steel & Power Ltd For Target Rs.295 - ICICI Securities
Source: ICICI Securities Ltd
19/07/2022 11:00:47 AM
Buy Jindal Steel & Power Ltd For Target Rs.400 - JM Financial Institutional Securities Deleveraged balance sheet to aid growth capex JSPL reported consol. EBITDA of INR29.9bn, higher than JMfe of INR22.6bn primarily due to higher realisation. The company reported an increase in inventory of INR17.8bn during the quarter. Standalone EBITDA came in at INR28.6bn (adj. for FX gain of INR4.5bn) down 8.4% QoQ, implying an EBITDA/ton of INR16.5k. JSPL expects to maintain export mix at ~20%, focusing primarily on value added/customised products. The company maintains ~8.2-8.4 mn tons...
Buy Jindal Steel & Power Ltd For Target Rs.400 - JM Financial Institutional Securities
Buy Jindal Steel & Power Ltd For Target Rs.400 - JM Financial Institutional Securities
Source: JM Financial Institutional Securities Ltd
18/07/2022 12:56:57 PM
Buy Jindal Steel & Power For Target Rs.440 - Motilal Oswal Financial Services The reduction in net debt to drive valuation * JSP reported a weak 4QFY22. A 4% Revenue miss translated into a ~20% EBITDA miss. The management had guided at a strong 4Q performance in its 3QFY22 earnings call, but stumped on delivery, citing various ‘one-offs’. * Consolidated revenue grew 21% YoY and 15% QoQ to INR143b in 4QFY22. The 4% miss was driven by a 6% lower than estimated ASP and a 2% beat on volumes. * EBTIDA fell 42% YoY and 7% QoQ to INR31b, 19% below our est...
Buy Jindal Steel & Power For Target Rs.440 - Motilal Oswal Financial Services
Buy Jindal Steel & Power For Target Rs.440 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
19/06/2022 9:13:31 AM
Jindal Steel and Power trades in green on posting 5% steel sales growth in May Jindal Steel and Power is currently trading at Rs. 349.00, up by 0.90 points or 0.26% from its previous closing of Rs. 348.10 on the BSE. The scrip opened at Rs. 352.50 and has touched a high and low of Rs. 354.80 and Rs. 347.45 respectively. So far 182494 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 577.70 on 11-Apr-2022 and a 52 week low of Rs. 340.10 on 29-Nov-2021. Last one week high and low of the scrip ...
Jindal Steel and Power trades in green on posting 5% steel sales growth in May
Jindal Steel and Power trades in green on posting 5% steel sales growth in May
Source: Accord Fintech
15/06/2022 3:17:13 PM
Stock Picks - Coforge Ltd and Jindal Steel Power Ltd By ICICI Direct Coforge Ltd Sell Coforge Ltd @ 3308.00-3312.00 CMP 3311.80 Stop Loss 3341.00 Target 3286.00/3261.00   Jindal Steel Power Ltd Sell Jindal Steel Power Ltd @ 351.00-352.00 CMP 351.55 Stop Loss 354.70 Target 348.60/345.50     To Read Complete Report & Disclaimer Click Here   https://secure.icicidirect.com/Content/StaticData/Disclaimer.html   Above views are o...
Stock Picks - Coforge Ltd and Jindal Steel Power Ltd By ICICI Direct
Stock Picks - Coforge Ltd and Jindal Steel Power Ltd By ICICI Direct
Source: ICICI Direct
14/06/2022 11:48:30 AM
Jindal Steel & Power Ltd Spikes 2.24% Jindal Steel & Power Ltd has lost 24.77% over last one month compared to 10.27% fall in S&P BSE Metal index and 1.15% rise in the SENSEX Jindal Steel & Power Ltd rose 2.24% today to trade at Rs 373.6. The S&P BSE Metal index is up 0.51% to quote at 18188.19. The index is down 10.27 % over last one month. Among the other constituents of the index, Tata Steel Ltd increased 1.02% and JSW Steel Ltd added 0.72% on the day. The S&P BSE Metal index went down 3.1 % over last one y...
Jindal Steel & Power Ltd Spikes 2.24%
Jindal Steel & Power Ltd Spikes 2.24%
Source: Dion Global Solutions Ltd
8/06/2022 12:03:15 PM
Buy Jindal Steel & Power Ltd For Target Rs.490 - JM Financial Research Deleveraged balance sheet to aid growth capex JSPL reported consol. EBITDA of INR30.7bn, significantly below JMfe of INR37.3bn primarily due to surging coking coal cost. Standalone EBITDA came in at INR28.3bn down 11% QoQ, implying an EBITDA/ton of INR13.6k. JSPL expects to maintain exports at FY22 levels despite imposition of export duty as it intends to focus on valued added segments and products not covered by export duty. The company has guided for a sales volume target of 8.2 mn tons ...
Buy Jindal Steel & Power Ltd For Target Rs.490 - JM Financial Research
Buy Jindal Steel & Power Ltd For Target Rs.490 - JM Financial Research
Source: JM Financial Research
3/06/2022 12:05:00 PM
Update on Jindal Steel and Power Ltd by Motilal Oswal Reported weak numbers for 4QFY22 led by lower ASP Consolidated Results * JSPL’s consolidated revenue/EBITDA/APAT at INR143b/INR31b/INR20b were +21%/-42%/-34% YoY and +14%/-7%/+5% QoQ, respectively. * The revenue miss of 4% translated into a 20% miss on EBITDA. Other expenditure at INR43b was significantly ahead of our estimate of INR24b that was offset by lower RM costs. * ND reduced by INR21b in 4QFY22 to INR89b; this was excluding the receipt of INR30b from the divestment ...
Update on Jindal Steel and Power Ltd by Motilal Oswal
Update on Jindal Steel and Power Ltd by Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
2/06/2022 1:45:51 PM
Buy Jindal Steel and Power Ltd For Target Rs.483 - Centrum Broking Hit by higher coal prices Jindal Steel & Power (JSPL) reported lower-than-expected consol EBITDA of Rs30.7bn (CentrumE: Rs37bn). Management informed that this included one off non-cash of ~Rs3bn as the company has expensed some equipment which were lying as inventories in the balance sheet. Adjusted to that, EBITDA was Rs33.7bn, up 2% QoQ and EBITDA/t of Rs16,203, down Rs1,985/t QoQ. Despite much higher long steel prices prevailing in the market in Q4FY22, JSPL’s derived blended ...
Buy Jindal Steel and Power Ltd For Target Rs.483 - Centrum Broking
Buy Jindal Steel and Power Ltd For Target Rs.483 - Centrum Broking
Source: Centrum Broking Ltd
1/06/2022 12:14:44 PM
Steel Minister inaugurates JSP's 1.4 MTPA rebar mill at Angul Union Steel Minister Ram Chandra Prasad Singh on Thursday inaugurated the 1.4 million tonne per annum (MTPA) TMT rebar mill of Jindal Steel & Power (JSP) at Angul in Odisha. "Dedicated rebar mill of 1.4 MTPA capacity to the nation at JSPL's 6 MTPA integrated Steel Complex in Angul, Odisha," Singh said in a tweet. "India has become the second-largest steel producer in the world, leaving behind the major economies, and the maximum amount of steel is produced in Odis...
Steel Minister inaugurates JSP's 1.4 MTPA rebar mill at Angul
Steel Minister inaugurates JSP's 1.4 MTPA rebar mill at Angul
Source: IANS
29/04/2022 9:11:39 AM
Jindal Steel and Power rises on planning to set up coal gasification plant in Chhattisgarh Jindal Steel & Power is currently trading at Rs. 572.75, up by 9.65 points or 1.71% from its previous closing of Rs. 563.10 on the BSE. The scrip opened at Rs. 565.00 and has touched a high and low of Rs. 577.00 and Rs. 565.00 respectively. So far 103572 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 577.00 on 11-Apr-2022 and a 52 week low of Rs. 340.10 on 29-Nov-2021. Last one week high and low of the scri...
Jindal Steel and Power rises on planning to set up coal gasification plant in Chhattisgarh
Jindal Steel and Power rises on planning to set up coal gasification plant in Chhattisgarh
Source: Accord Fintech
11/04/2022 10:13:43 AM
Key News - Amazon.com , Jindal Steel and Power , Vedanta Ltd, By ARETE Securities Key News Amazon's apps witness nearly 500 mn cumulative downloads in India Amazon is betting big on the Indian market as the Covid-19 pandemic has accelerated the shift to e-commerce, and more consumers are shopping online at a higher frequency on the online retailer’s platform. The company said if one combines the downloads of its platforms such as 'Amazon.in' shopping app and Prime Video app, there are close to 500 million downloads, which is almost 75 per cent of th...
Key News - Amazon.com , Jindal Steel and Power , Vedanta Ltd, By ARETE Securities
Key News - Amazon.com , Jindal Steel and Power , Vedanta Ltd, By ARETE Securities
Source: ARETE Securities Ltd
11/04/2022 9:25:09 AM
Buy Jindal Steel and Power Ltd For Target Rs. 674 - Centrum Broking Winning of coal blocks is structurally positive Event JSPL has won four thermal coal blocks in the recent auction. The combined mining capacity of the mines is ~15mtpa (can be expanded to ~17mtpa) which will make JSPL 100% self-sufficient in thermal coal and is back to pre-FY14 era, albeit at higher cost. Details The four mines won by JSPL are Utkal C (capacity of 3.3mtpa, expandable to 5mtpa @45% premium, if used in coal gasification, premium will be 22.5%), Utkal B1 & B2 (ca...
Buy Jindal Steel and Power Ltd For Target Rs. 674 - Centrum Broking
Buy Jindal Steel and Power Ltd For Target Rs. 674 - Centrum Broking
Source: Centrum Broking Ltd
5/04/2022 12:33:44 PM
Buy Jindal Steel and Power Ltd For Target Rs. 605 - Motilal Oswal Deleveraging + volume growth = BUY We recently hosted JSPL for an NDR. The key highlights are as follows: JSPL anticipates a steady domestic demand even at current price levels. The company does not expect any major demand destruction but believes there will be some demand deferrals due to the record high steel prices. The company has been able to secure significant orders from export markets especially in Europe, partly driven by the void created due to the Russia-Ukraine conflict a...
Buy Jindal Steel and Power Ltd For Target Rs. 605 - Motilal Oswal
Buy Jindal Steel and Power Ltd For Target Rs. 605 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
28/03/2022 1:16:28 PM