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India`s Jindal Stainless posts Q2 profit decline on lower steel prices

India's Jindal Stainless reported a drop in second-quarter profit on Thursday, as falling steel prices offset a drop in input costs. The company's consolidated profit after tax fell 20% to 6.09 billion rupees ($72.4 million) for the three months ended Sept. 30. The stainless steel maker's net revenue came in at 97.77 billion rupees, down marginally from 97.97 billion rupees a year earlier. For further earnings highlights, (click here). KEY CONTEXT Steel prices in In...

India`s Jindal Stainless posts Q2 profit decline on lower steel prices

Source: Reuters
2024-10-17 04:47:54 pm

Jindal Stainless jumps on supplying stainless steel for Vande Bharat sleeper coaches

Jindal Stainless is currently trading at Rs. 730.95, up by 11.45 points or 1.59% from its previous closing of Rs. 719.50 on the BSE. The scrip opened at Rs. 728.95 and has touched a high and low of Rs. 741.10 and Rs. 722.60 respectively. So far 23905 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 848.00 on 09-Jul-2024 and a 52 week low of Rs. 429.00 on 01-Nov-2023. Last one week high and low of the scrip stood ...

Jindal Stainless jumps on supplying stainless steel for Vande Bharat sleeper coaches

Source: Accord Fintech
2024-09-06 02:16:29 pm

Jindal Stainless rises on commissioning Nickel Pig Iron smelter facility in Indonesia

Jindal Stainless is currently trading at Rs. 703.00, up by 7.65 points or 1.10% from its previous closing of Rs. 695.35 on the BSE. The scrip opened at Rs. 702.60 and has touched a high and low of Rs. 703.70 and Rs. 684.25 respectively. So far 25021 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 848.00 on 09-Jul-2024 and a 52 week low of Rs. 400.10 on 16-Aug-2023. Last one week high and low of the scrip stood a...

Jindal Stainless rises on commissioning Nickel Pig Iron smelter facility in Indonesia

Source: Accord Fintech
2024-08-16 03:10:59 pm

Buy Jindal Stainless Ltd For Target Rs. 816 By Centrum Broking Ltd

Despite challenging business environment, JSL reported better than expected Q1FY25 consol EBITDA of Rs12.1bn (CentrumE: Rs10.7bn) up 17% QoQ as well as EBITDA/t above estimate at Rs20,960 (CentrumE: Rs18,835/t) up 15.5% QoQ. The outperformance was largely favoured by low cost inventory during the quarter. The sales volume increased by 1.4% QoQ led by strong domestic demand but realisation/t remain flattish QoQ. Standalone EBITDA/t reported at Rs17,373/t (CentrumE: Rs15,995/t), up by 19.7% QoQ...

Buy Jindal Stainless Ltd For Target Rs. 816 By Centrum Broking Ltd

Source: Centrum Broking Ltd
2024-08-06 04:16:56 pm

Jindal Stainless inches up on planning to invest Rs 5,400 crore in capacity expansion, acquis

Jindal Stainless is currently trading at Rs. 734.05, up by 0.15 points or 0.02% from its previous closing of Rs. 733.90 on the BSE. The scrip opened at Rs. 735.25 and has touched a high and low of Rs. 740.30 and Rs. 725.65 respectively. So far 37779 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 747.90 on 24-Apr-2024 and a 52 week low of Rs. 270.55 on 15-May-2023. Last one week high and low of the scrip stood a...

Jindal Stainless inches up on planning to invest Rs 5,400 crore in capacity expansion, acquis

Source: Accord Fintech
2024-05-03 03:07:22 pm

Jindal Stainless moves up on getting nod to acquire 54% equity stake in Chromeni Steels

Jindal Stainless is currently trading at Rs. 711.50, up by 4.60 points or 0.65% from its previous closing of Rs. 706.90 on the BSE. The scrip opened at Rs. 723.10 and has touched a high and low of Rs. 730.75 and Rs. 707.40 respectively. So far 52060 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 747.90 on 24-Apr-2024 and a 52 week low of Rs. 270.55 on 15-May-2023. Last one week high and low of the scrip stood a...

Jindal Stainless moves up on getting nod to acquire 54% equity stake in Chromeni Steels

Source: Accord Fintech
2024-05-02 12:05:12 pm

India's Jindal Stainless to invest $647 million for acquisitions, increasing capacity

India's Jindal Stainless said on Wednesday it is investing nearly 54 billion rupees ($646.6 million) for acquisitions and capacity expansion. The company will acquire a 54% equity stake in Chromeni Steels, which owns a 0.6 million tonnes per annum (MTPA) cold rolling mill in Gujarat state, for a deal valued at 13.40 billion rupees. Jindal Stainless also entered into a joint venture for a stainless steel melt shop in Indonesia with an annual production capacity of 1.2 MTPA. The JV...

India's Jindal Stainless to invest $647 million for acquisitions, increasing capacity

Source: Reuters
2024-05-02 08:57:09 am

MSCI India index rebalancing could see inclusion of 18 stocks with inflow of $2.7 bn

MSCI India Standard Index rebalancing announcement scheduled on May 14 is expected to see one of the largest inclusions of 18 stocks with inflows of $2.7 billion. JM Financial Institutional Securities said the price cut-off date for the rebalancing is any of the last 10 business days in the month of April. “Based on the current price, we expect the following inclusions and exclusions. However, the list is subject to change, depending on the stock price prevailing during the cut-of...

MSCI India index rebalancing could see inclusion of 18 stocks with inflow of $2.7 bn

Source: IANS
2024-04-09 12:33:35 pm

Jindal Stainless is currently trading at Rs. 706.35, up by 2.85 points or 0.41% from its previous closing of Rs. 703.50 on the BSE. The scrip opened at Rs. 703.65 and has touched a high and low of Rs. 708.60 and Rs. 700.25 respectively. So far 23767 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 728.15 on 02-Apr-2024 and a 52 week low of Rs. 255.00 on 13-Apr-2023. Last one week high and low of the scrip stood a...

Jindal Stainless rises as its arm launches premium cookware range under Arttd`inox lifestyle brand

Source: Accord Fintech
2024-04-09 12:06:20 pm

Jindal Stainless moves up on acquiring additional 30% stake in lberjindal

Jindal Stainless is currently trading at Rs. 708.80, up by 1.15 points or 0.16% from its previous closing of Rs. 707.65 on the BSE. The scrip opened at Rs. 706.20 and has touched a high and low of Rs. 710.70 and Rs. 700.55 respectively. So far 19532 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 728.15 on 02-Apr-2024 and a 52 week low of Rs. 255.00 on 13-Apr-2023. Last one week high and low of the scrip stood a...

Jindal Stainless moves up on acquiring additional 30% stake in lberjindal

Source: Accord Fintech
2024-04-05 11:59:53 am

Jindal Stainless zooms on partnering with IIT Kharagpur to jointly work on metallurgical projects

Jindal Stainless is currently trading at Rs. 712.50, up by 19.40 points or 2.80% from its previous closing of Rs. 693.10 on the BSE. The scrip opened at Rs. 693.50 and has touched a high and low of Rs. 716.90 and Rs. 691.10 respectively. So far 34236 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 716.90 on 26-Mar-2024 and a 52 week low of Rs. 255.00 on 13-Apr-2023. Last one week high and low of the scrip stood ...

Jindal Stainless zooms on partnering with IIT Kharagpur to jointly work on metallurgical projects

Source: IANS
2024-03-26 01:59:25 pm

Jyotiraditya Scindia inaugurates India`s first Green Hydrogen plant in stainless steel sector

Union Steel Minister Jyotiraditya M. Scindia on Monday virtually inaugurated India's first Green Hydrogen Plant in the stainless steel sector located at Jindal Stainless Limited in Haryana's Hisar. The project is the world’s first off-grid green hydrogen plant for the stainless steel industry and the world’s first green hydrogen plant with rooftop and floating solar units, according to a Steel Ministry statement. The plant is a state-of-the-art green hydrogen facilit...

Jyotiraditya Scindia inaugurates India`s first Green Hydrogen plant in stainless steel sector

Source: IANS
2024-03-04 04:02:44 pm

India's Jindal Stainless cuts export forecast on Red Sea crisis, weaker EU, US demand

India's Jindal Stainless Ltd has cut its exports forecast for the fiscal year ending March due to freight disruptions in the Red Sea and faltering demand in Europe and the United States, a top executive said. India's biggest stainless steel manufacturer hopes to ship out 10-12% of its estimated overall sales of over 2.1 million metric tons in 2023/24, down from its previous forecast of 15%, Abhyuday Jindal, managing director of Jindal Stainless, told Reuters in an interview. The...

India's Jindal Stainless cuts export forecast on Red Sea crisis, weaker EU, US demand

Source: Reuters
2024-01-25 04:02:48 pm

Jindal Stainless inches up on reporting 35% rise in Q3 consolidated net profit

Jindal Stainless is currently trading at Rs. 569.05, up by 1.40 points or 0.25% from its previous closing of Rs. 567.65 on the BSE. The scrip opened at Rs. 573.25 and has touched a high and low of Rs. 576.50 and Rs. 567.20 respectively. So far 1980 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 624.85 on 10-Jan-2024 and a 52 week low of Rs. 230.25 on 27-Jan-2023. Last one week high and low of the scrip stood at...

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India`s Jindal Stainless posts Q2 profit decline on lower steel prices

Jindal Stainless jumps on supplying stainless steel for Vande Bharat sleeper coaches

Jindal Stainless rises on commissioning Nickel Pig Iron smelter facility in Indonesia

Buy Jindal Stainless Ltd For Target Rs. 816 By Centrum Broking Ltd

Jindal Stainless inches up on planning to invest Rs 5,400 crore in capacity expansion, acquis

Jindal Stainless moves up on getting nod to acquire 54% equity stake in Chromeni Steels

India's Jindal Stainless to invest $647 million for acquisitions, increasing capacity

MSCI India index rebalancing could see inclusion of 18 stocks with inflow of $2.7 bn

Jindal Stainless rises as its arm launches premium cookware range under Arttd`inox lifestyle brand

Jindal Stainless moves up on acquiring additional 30% stake in lberjindal

Jindal Stainless zooms on partnering with IIT Kharagpur to jointly work on metallurgical projects

Jyotiraditya Scindia inaugurates India`s first Green Hydrogen plant in stainless steel sector

India's Jindal Stainless cuts export forecast on Red Sea crisis, weaker EU, US demand

Jindal Stainless inches up on reporting 35% rise in Q3 consolidated net profit

Add Jindal Stainless Ltd For Target Rs.519 - Centrum Broking Ltd

Jindal Stainless Steel scrip shines bright on the bourse