Jindal Steel & Power Ltd Share Price (JINDALSTEL)

Jindal Steel & Power Shares Reach Record High - 18 Apr, 2024

Shares of Jindal Steel & Power rose nearly 4% to a record high of Rs 935.50 on BSE, with a market cap of Rs 94,347 crore. The stock has risen 25% since the beginning of this year and delivered multibagger returns of 123.39% in the last three years. Brokerage Anand Rathi expects the stock to hit a target of Rs 1,070 in a year and has initiated coverage on the metal stock with a buy call.

Jindal Steel & Power Ltd Expected to Report 130% YoY Net Profit Growth - 15 Apr, 2024

Prabhudas Lilladher expects Jindal Steel & Power to report a net profit of Rs. 1,070 crore, up 130% YoY, with EBITDA likely to rise by 14.5% YoY to Rs. 2,500 crore. However, net sales are expected to decrease by 14.9% YoY to Rs. 11,650 crore.

JSPL Stock Hits Record High on Buy Ratings - 09 Apr, 2024

Shares of Jindal Steel and Power Ltd (JSPL) hit a record high of Rs 924, rising 67.66% YoY. Brokerages Anand Rathi and Nuvama Wealth assign buy ratings with target prices of Rs 1,070 and Rs 1030 respectively.

Taurus Armas and Jindal Defence Systems establish manufacturing facility in India - 08 Apr, 2024

Brazilian small arms manufacturer Taurus Armas has partnered with Jindal Defence Systems to set up a manufacturing facility in India, which began production in March. The initial annual production capacity of the facility will be 250,000 weapons.

Jindal Steel & Power Ltd. Receives Buy Rating with Target Price of Rs 1,070 - 05 Apr, 2024

Jindal Steel & Power Ltd.'s strategic expansion is expected to increase its crude steel capacity by 65% and achieve a ~24% sales volume CAGR over FY24-26. With strong focus on margin expansion and one of the strongest balance sheets among domestic peers, it has received a Buy rating with a target price of Rs 1,070.

Jindal Steel & Power Ltd Up 0.34% on NSE - 04 Apr, 2024

Jindal Steel & Power Ltd is trading at Rs 905.5, up 0.34% on the day and has gained 66.65% in the last year compared to a 27.97% jump in NIFTY and a 57.82% jump in the Nifty Metal.

Private Companies Own 60% of Jindal Steel & Power Ltd - 30 Mar, 2024

Private companies own the majority stake in Jindal Steel & Power Ltd, with institutions owning 20%. The top 5 shareholders control over half of the company, indicating significant influence on business decisions. Insiders hold ₹18b worth of shares. Researching institutional ownership and analyst sentiments can help gauge expected performance.

Indian Steel Players to Face Ebitda Margin Compression - 28 Mar, 2024

Analysts at JM Financial Institutional Securities estimate an Ebitda margin compression of over ₹1,500 per tonne sequentially for Indian steel players. Jindal Steel and Power Ltd expects coking coal costs to increase by $10-12 per tonne in Q4.

Jindal Steel & Power Receives Buy Call from Nuvama Wealth Brokerage - 27 Mar, 2024

Nuvama Wealth brokerage has issued a buy call on Jindal Steel & Power with a target price of Rs 1030. The company aims to complete 6.3mtpa steel expansion by end-FY25, which would lift its earnings orbit.

Jindal Steel & Power Shares Hit All-Time High on Positive News - 26 Mar, 2024

Jindal Steel & Power shares reach an all-time high after a brokerage assigned a 24% upside to the company and it posted a 272% rise in consolidated net profit for Q3FY24. Additionally, Visco Orinoco, related to Naveen Jindal, takes control of Venezuela's largest iron-ore facility.

JSW Group's Total Market Capitalization is Approximately $25.77 Billion - 24 Mar, 2024

The JSW Group, which owns a 50% stake in Delhi Capitals, has various listed companies with a total market capitalization of approximately $25.77 billion. This includes JSW Steel, Jindal Steel and Power, JSW Energy, Jindal Stainless, and Jindal Stainless.

Jindal Steel Takes Over Iron-Ore Mill, Naveen Jindal Appointed President of Indian Steel Association - 22 Mar, 2024

Jindal Steel & Power Ltd makes a significant move by taking over operations at Venezuela's largest iron-ore mill. Meanwhile, Naveen Jindal has been appointed as the new President of the Indian Steel Association with plans to grow the steel industry's upstream and downstream manufacturing value chains.

Naveen Jindal Assumes Role as President of Indian Steel Association - 21 Mar, 2024

Jindal Steel and Power Chairman Naveen Jindal has taken over as the new President of the Indian Steel Association (ISA), succeeding Dilip Oommen. ISA is the apex body for the domestic steel industry.