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Buy Jindal Steel & Power Ltd For Target Rs.1200 By Motilal Oswal Financial Services Ltd Weak volumes and lower realization drag performance; earnings set to improve in 2HFY25 * Revenue stood at INR112b (YoY/QoQ: -9% / -18%), which was below our estimate of INR133b. Revenue was impacted due to weak volumes and lower realization. * Production volume stood at 1.97mt (YoY/QoQ: +4% / -4%). The QoQ volume decline was led by a planned shutdown at the Raigarh plant. Sales volume came in at 1.85mt (YoY/QoQ: -8%/ -12%) against our est. of 2.11mt. *  ASP stood at IN...
Buy Jindal Steel & Power Ltd For Target Rs.1200 By Motilal Oswal Financial Services Ltd
Buy Jindal Steel & Power Ltd For Target Rs.1200 By Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd
2024-11-21 12:32:59 pm
India`s Jindal Steel`s profit falls on subdued demand, lower prices India's Jindal Steel and Power reported a drop in second-quarter profit on Wednesday, hurt by weak domestic demand and lower steel prices. The company's consolidated net profit fell 38% year-on-year to 8.61 billion rupees ($102.2 million) for the quarter ended Sept. 30. Its revenue from operations declined 8.5% to 112.13 billion rupees. KEY CONTEXT India's steel demand fell during the quarter as above-normal rainfall slowed down activity in the auto and infrastructure ...
India`s Jindal Steel`s profit falls on subdued demand, lower prices
India`s Jindal Steel`s profit falls on subdued demand, lower prices
Source: Reuters
2024-11-06 05:44:02 pm
Buy Jindal Steel & Power Ltd For Target Rs. 1,200 By Motilal Oswal Financial Services Ltd Expansion strategy to propel growth in the long run * Jindal Steel & Power’s (JSP) ongoing capacity expansion at Angul (Odisha) will boost the crude steel capacity by 65% to 15.9mtpa and finished steel capacity by 83% to 13.75mtpa. The expansion is expected to complete by Q1FY27 and position JSP as the fourth-largest steel producer in India. * JSP is also undertaking cost-effective measures to expand the operating margin through: 1) the strengthening of raw material integrati...
Buy Jindal Steel & Power Ltd For Target Rs. 1,200 By Motilal Oswal Financial Services Ltd
Buy Jindal Steel & Power Ltd For Target Rs. 1,200 By Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd
2024-10-01 10:51:45 am
Jindal Steel doubles down on green hydrogen production in India Jindal Steel and Power Ltd and Jindal Renewables on Monday announced a collaboration to implement India’s biggest investment in green hydrogen by a domestic steelmaker.  The companies signed an MoU towards decarbonisation and green energy leadership in the country’s steel industry. It outlines Jindal Steel’s plan to integrate green hydrogen into its direct reduced iron (DRI) units in Angul, Odisha. In the first phase, Jindal Renewables will develop a green hydroge...
Jindal Steel doubles down on green hydrogen production in India
Jindal Steel doubles down on green hydrogen production in India
Source: IANS
2024-09-16 10:45:15 am
Buy Jindal Steel & Power Ltd For Target Rs.1,128 By JM Financial Services JSP reported 1Q consol. EBITDA of INR28bn, significantly higher than JMfe of INR25bn driven by strong volume delivery ~2mn ton + and higher captive thermal coal integration during the quarter. Key takeaways from the call – a) NSR drop of 1% witnessed going into 2QFY25 2) Iron ore price drop of INR500- INR1,000/t observed in recent auctions 3) Coking coal cost drop of USD30-35/t likely in 2Q 4) Utkal B1 to commence operations soon, while Utkal C expansion to be completed shortly. 5) The ...
Buy Jindal Steel & Power Ltd For Target Rs.1,128 By JM Financial Services
Buy Jindal Steel & Power Ltd For Target Rs.1,128 By JM Financial Services
Source: JM Financial Services
2024-07-31 04:35:57 pm
Buy Jindal Steel & Power Ltd For Target Rs.1200 By Motilal Oswal Financial Services In-line revenue with a slight miss on margins; outlook bright *Jindal Steel & Power (JSP)’s 1QFY25 revenue stood in line at INR136b (YoY/ QoQ: +8%/+1%), driven by decent volume growth. Sales volume came in at 2.09mt (YoY/QoQ: +14%/ +4%) vs. our est. of 2.02mt. Production volume stood at 2.05mt (YoY/QoQ: flat) in 1QFY25. * EBITDA came in at INR28b (YoY/QoQ: +8%/+16%), 8% below our est. of INR31b led by higher-than-expected cost and weak realization. EBITDA/t was INR13,585 (YoY/...
Buy Jindal Steel & Power Ltd For Target Rs.1200 By Motilal Oswal Financial Services
Buy Jindal Steel & Power Ltd For Target Rs.1200 By Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
2024-07-30 02:41:47 pm
Jindal Steel & Power declines on reporting 21% fall in Q1 consolidated net profit Jindal Steel & Power is currently trading at Rs. 931.75, down by 40.30 points or 4.15% from its previous closing of Rs. 972.05 on the BSE. The scrip opened at Rs. 950.50 and has touched a high and low of Rs. 954.80 and Rs. 919.55 respectively. So far 123283 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1097.10 on 21-Jun-2024 and a 52 week low of Rs. 581.90 on 01-Nov-2023. Last one week high and low of the ...
Jindal Steel & Power declines on reporting 21% fall in Q1 consolidated net profit
Jindal Steel & Power declines on reporting 21% fall in Q1 consolidated net profit
Source: Accord Fintech
2024-07-25 02:30:20 pm
Buy Jindal Steel & Power Ltd. For Target Rs. 1090 - Motilal Oswal Financial Services Marginal miss in EBITDA in 4Q; outlook remains bright * JSP reported revenue of INR135b (-1.5% YoY/ +15% QoQ) in 4QFY24, which was above our est. of INR122b. ASP stood at INR67,099/t (flat YoY/ +4% QoQ) vs. our est. of INR62,821/t. * EBITDA stood at INR24b (+12% YoY/-14% QoQ), below our est. of INR26b, due to higher cost. EBITDA/t came in at INR12,162/t (+12% YoY/-14% QoQ) vs. our est. of INR13,286/t. Coal costs rose USD10-20 per ton QoQ. APAT stood at INR9b (+52% YoY/-51% QoQ) vs. our ...
Buy Jindal Steel & Power Ltd. For Target Rs. 1090 - Motilal Oswal Financial Services
Buy Jindal Steel & Power Ltd. For Target Rs. 1090 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
2024-06-24 11:36:09 am
Buy Jindal Steel & Power Ltd For Target Rs.900 - Motilal Oswal Financial Services Capacity expansion to propel growth * The ongoing capacity expansion at Angul (Odisha) will significantly enhance Jindal Steel and Power’s (JSP) crude steel capacity by over 65% to 15.9mt. The planned expansion, which is expected to be completed by 3QFY26, will catapult JSP to the fourth largest steel manufacturer in India. * Along with the capacity expansion, JSP plans to strengthen its raw material integration, increase the share of CPP, increase the share of flat steel, and und...
Buy Jindal Steel & Power Ltd For Target Rs.900 - Motilal Oswal Financial Services
Buy Jindal Steel & Power Ltd For Target Rs.900 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
2024-05-25 11:54:17 am
Buy Jindal Steel & Power Ltd For Target Rs.1090 - Motilal Oswal Financial Services Marginal miss in EBITDA in 4Q; outlook remains bright * JSP reported revenue of INR135b (-1.5% YoY/ +15% QoQ) in 4QFY24, which was above our est. of INR122b. ASP stood at INR67,099/t (flat YoY/ +4% QoQ) vs. our est. of INR62,821/t. * EBITDA stood at INR24b (+12% YoY/-14% QoQ), below our est. of INR26b, due to higher cost. EBITDA/t came in at INR12,162/t (+12% YoY/-14% QoQ) vs. our est. of INR13,286/t. Coal costs rose USD10-20 per ton QoQ. APAT stood at INR9b (+52% YoY/-51% QoQ) vs. our...
Buy Jindal Steel & Power Ltd For Target Rs.1090 - Motilal Oswal Financial Services
Buy Jindal Steel & Power Ltd For Target Rs.1090 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
2024-05-23 11:36:53 am
Stock Picks : State Bank of India Ltd And Jindal Steel& power Ltd By ICICI Direct State Bank of India Ltd Buy State Bank of India Ltd. @831-833 Target 841.00 Stop Loss 827.70   Jindal Steel& power Ltd Buy Jindal Steel& power Ltd @940-942 Target 951.20 Stop Loss 936.40   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631
Stock Picks : State Bank of India Ltd And Jindal Steel& power Ltd By ICICI Direct
Stock Picks : State Bank of India Ltd And Jindal Steel& power Ltd By ICICI Direct
Source: ICICI Direct
2024-05-03 12:26:23 pm
Buy Jindal Steel And Power Ltd For Target Rs.900 - Motilal Oswal Revenue in line; lower input cost leads to beat on operational profitability * Revenue in 3QFY24 was down 6% YoY at INR117b, in line with our estimate of INR119b. ASP for the quarter stood at 64,648/t (down 1% YoY), which was INR2,932/t higher than our estimate of INR61,716/t. JSP production for 3QFY24 stood at 1.9mt and sales stood at 1.8mt (down 6% and 5%, respectively). The figures are in line with our estimated production and sales of 1.9mt each. * EBITDA was up 20% YoY to INR28b, w...
Buy Jindal Steel And Power Ltd For Target Rs.900 - Motilal Oswal
Buy Jindal Steel And Power Ltd For Target Rs.900 - Motilal Oswal
Source: Motilal Oswal Asset Management
2024-02-13 03:00:59 pm
Jindal Steel & Power surges on reporting over 3- fold jump in Q3 consolidated net profit Jindal Steel & Power is currently trading at Rs. 756.05, up by 13.75 points or 1.85% from its previous closing of Rs. 742.30 on the BSE. The scrip opened at Rs. 747.75 and has touched a high and low of Rs. 760.20 and Rs. 746.90 respectively. So far 44132 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 769.95 on 01-Feb-2024 and a 52 week low of Rs. 503.00 on 25-May-2023. Last one week high and low of the scri...
Jindal Steel & Power surges on reporting over 3- fold jump in Q3 consolidated net profit
Jindal Steel & Power surges on reporting over 3- fold jump in Q3 consolidated net profit
Source: Accord Fintech
2024-02-02 12:27:39 pm
India`s Jindal Steel Q3 profit jumps as lower costs offset weak sales Indian steelmaker Jindal Steel and Power reported an almost four-fold rise in third-quarter profit on Wednesday, as easing costs offset a fall in sales. The company, which has steel, mining and infrastructure businesses, said its consolidated net profit after tax increased to 19.28 billion rupees ($232 million) in the three months to Dec. 31, from 5.18 billion rupees a year ago. The robust performance was supported by lower raw material costs as benefits from captive thermal coal mines ...
India`s Jindal Steel Q3 profit jumps as lower costs offset weak sales
India`s Jindal Steel Q3 profit jumps as lower costs offset weak sales
Source: Reuter
2024-01-31 05:39:11 pm
Jindal Steel & Power rises on commissioning Hot Strip Mill complex at Angul plant Jindal Steel & Power is currently trading at Rs. 731.05, up by 1.75 points or 0.24% from its previous closing of Rs. 729.30 on the BSE. The scrip opened at Rs. 730.65 and has touched a high and low of Rs. 737.45 and Rs. 726.50 respectively. So far 11467 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 767.95 on 14-Dec-2023 and a 52 week low of Rs. 503.00 on 25-May-2023. Last one week high and low of the scrip...
Jindal Steel & Power rises on commissioning Hot Strip Mill complex at Angul plant
Jindal Steel & Power rises on commissioning Hot Strip Mill complex at Angul plant
Source: Accord Fintech
2024-01-20 12:14:25 pm
Stock Picks : Dabur Limited And Jindal Steel and Power Ltd By ICICI Direct Dabur Limited Buy Dabur Limited @552-554; Target 559.80; Stop Loss 549.70   Jindal Steel and Power Ltd  Buy Jindal Steel and Power Ltd @742-744; Target 751.50; Stop Loss 739.40   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631  
Stock Picks : Dabur Limited And Jindal Steel and Power Ltd By ICICI Direct
Stock Picks : Dabur Limited And Jindal Steel and Power Ltd By ICICI Direct
Source: ICICI Direct
2024-01-01 11:21:50 am
Stock Picks : Tata Consultancy Services Ltd And Jindal Steel& Power Ltd By ICICI Direct Tata Consultancy Services Ltd  Buy Tata Consultancy Services Ltd @3822-3825; Target 3860.00; Stop Loss 3804.00   Jindal Steel& Power Ltd   Buy Jindal Steel& Power Ltd @725-726; Target 733.00; Stop Loss 721.40   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631    
Stock Picks : Tata Consultancy Services Ltd And Jindal Steel& Power Ltd By ICICI Direct
Stock Picks : Tata Consultancy Services Ltd And Jindal Steel& Power Ltd By ICICI Direct
Source: ICICI Direct
2023-12-26 11:08:46 am
Stock Picks : LTIMindtree Ltd And Jindal Steel & Power Ltd By ICICI Direct LTIMindtree Ltd Buy LTIMindtree Ltd @670-671; Target 677.00; Stop Loss 667.40   Jindal Steel & Power Ltd Buy Jindal Steel & Power Ltd @5486-5490; Target 5544.00: Stop Loss 5463.00   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631
Stock Picks : LTIMindtree Ltd And Jindal Steel & Power Ltd By ICICI Direct
Stock Picks : LTIMindtree Ltd And Jindal Steel & Power Ltd By ICICI Direct
Source: ICICI Direct
2023-11-29 09:58:20 am
Buy Jindal Steel & Power For Target Rs.730 - Motilal Oswal Financial Services Operationally in-line performance; capex timeline extended with higher outlay * Revenue was down 9% YoY at INR123b, in line with our estimate of INR122b. ASP was down INR582/t to INR60,946/t as against our estimate of INR61,528/t. Sales volumes were flat YoY to 2.01mt (in line with our estimate of 1.98mt) and exports stood at 13% of total sales. * EBITDA grew 18% YoY to INR23b (in line with our estimate). The increase was led by lower input costs, partially offset by lower ASP. EBITDA/t...
Buy Jindal Steel & Power For Target Rs.730 - Motilal Oswal Financial Services
Buy Jindal Steel & Power For Target Rs.730 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
2023-11-06 12:06:12 pm
Add Jindal Steel & Power Ltd For Target Rs.662 - Centrum Broking Ltd JSPL reported lower-than-expected consol Adj EBITDA of Rs22.1bn (CentrumE: Rs27.1bn), down 18% QoQ primarily due to sharp fall in realisation by ~10% QoQ. Besides, inventory loss recorded on liquidating high cost inventory which partially offset benefit from fall in coking coal cost by USD70/t. As a result, adjusted standalone EBITDA/t stood at Rs11,164 (CentrumE: Rs13,584/t), down Rs3,320/t QoQ and Consol Adj EBITDA/t stood at Rs11,010, down Rs3,686/t QoQ. The realisation has increased by 2-...
Add Jindal Steel & Power Ltd For Target Rs.662 - Centrum Broking Ltd
Add Jindal Steel & Power Ltd For Target Rs.662 - Centrum Broking Ltd
Source: Centrum Broking Ltd
2023-11-04 11:36:11 am
Tata Steel plunges into Rs 6,511 cr loss in July-Sep quarter  Indian steelmaker Tata Steel reported a loss for the second quarter on Wednesday, hurt by charges related to restructuring at its UK operations and lower sales and price realisations. The company's consolidated net loss came in at 65.11 billion Indian rupees ($782.24 million) for the three months ended Sept. 30, compared to a profit of 12.97 billion rupees a year ago. Its total revenue from operations fell 7% to 556.82 billion rupees. Tata Steel, which has an annual crude s...
Tata Steel plunges into Rs 6,511 cr loss in July-Sep quarter
Tata Steel plunges into Rs 6,511 cr loss in July-Sep quarter
Source: IANS
2023-11-02 09:40:39 am
Jindal Steel and Power drops 6 per cent in trade post Q2 results  Jindal Steel and Power shares dropped more than 6 per cent in trade on Wednesday after analysts flagged delays in execution. Jindal Steel and Power was down 6.45 per cent in trade at Rs 593 on BSE. Tushar Chaudhari - Research Analyst, Prabhudas Lilladher said in a note that commissioning of 5.5mtpa Hot Strip Mill (HSM) is on track to be completed in 3QFY24 but expect delay in commissioning of 3mtpa BOF-III. BOF-II timeline further pushed by two quarters to 4QFY25. Production fr...
Jindal Steel and Power drops 6 per cent in trade post Q2 results
Jindal Steel and Power drops 6 per cent in trade post Q2 results
Source: IANS
2023-11-01 11:12:50 am
Stock of the day : Jindal Steel And Power Ltd For Target Rs. 11 - Religare Broking Ltd Jindal Steel And Power Ltd* After a five months of steady upmove. Jindalstel is now showing sign of distribution. * It has given a breakdown from consolidation and trading below its short term moving average. * Stock has witnessed a breakdown from squeeze Bollinger bands indicates bearish tone to extend further. * We thus recommend creating shorts through the Put option.Buy Jindal Steel And Power Ltd CMP 5.20; Range 5-5.50 SL 2 ; Target 11Plea...
Stock of the day : Jindal Steel And Power Ltd For Target Rs. 11 - Religare Broking Ltd
Stock of the day : Jindal Steel And Power Ltd For Target Rs. 11 - Religare Broking Ltd
Source: Religare Broking Ltd
2023-10-23 10:26:59 am
Buy Jindal Steel & Power For Target Rs.790 - Motilal Oswal Financial Services Focusing on capacity expansion and cost reduction to drive earningsCapex to enhance crude steel capacity by ~65% to 15.9mt by FY25* JSP plans to incur a significant capex to enhance its crude steel capacity to 15.9mt from current 9.6mt and strengthen raw material integration and product enrichment. The planned capex could result in volume growth and a reduction in structural costs.* With the planned capex, JSP will increase its flat steel capacity to 7.7mt from 2.2mt to cater to automotive an...
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 Ltd
2023-09-29 11:38:02 am
Indian economy will double in 10 years: Tata Chemicals CEO India needs to build capacity in new areas, as intellectual property will be a key value creator in the next economy, according to Ramakrishnan Mukundan, Managing Director & CEO, Tata Chemicals Ltd.Addressing the 50th National Management Convention organised by All India Management Association (AIMA), he said that if India can build capacity in new economic areas, its GDP will double in a decade.According to Mukundan, policies will play a key role in driving Indian economy, as AI, digital...
Indian economy will double in 10 years: Tata Chemicals CEO
Indian economy will double in 10 years: Tata Chemicals CEO
Source: IANS
2023-09-28 09:29:31 am