Multibagger Stock: Jindal Stainless zooms over 620% in 23 months, 3300% in 4.5 years. Is it still a buy?
1 month, 2 weeks ago

Multibagger Stock: Jindal Stainless zooms over 620% in 23 months, 3300% in 4.5 years. Is it still a buy?

Live Mint  

Multibagger Stock: Jindal Stainless, India’s leading stainless-steel manufacturer, has witnessed an extraordinary surge in its stock price in recent months, delivering handsome returns to its shareholders. Notably, Jindal Stainless has consistently delivered positive returns every year since calendar year 2019. Operational since August 24, this development, according to analysts, will ensure a long-term supply of 0.2 million tonnes of NPI, with an average nickel content of 14%, for producing stainless steel. In its latest note, the brokerage initiated coverage on Jindal Stainless with a ‘buy’ rating and a target price of ₹870 per share.

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History of this topic

Stock to buy for medium term: Jindal stock rallies 400% in five years; Anand Rathi sees more upside
3 weeks, 6 days ago

Stock to buy for medium term: Jindal stock rallies 400% in five years; Anand Rathi sees more upside

Live Mint  

Stock to buy for medium term: Multibagger stock Jindal Worldwide shares have surged nearly 400% over the last five years rising from ₹69 to the current price of ₹324. Jindal Worldwide share price target Currently trading at ₹320, Jindal Worldwide is expected to reach ₹370 within three months, as per the brokerage's estimates. This pullback, however, has brought the stock …

Stainless steel policy likely next year, says JSL’s Abhyuday Jindal
1 year, 2 months ago

Stainless steel policy likely next year, says JSL’s Abhyuday Jindal

Live Mint  

New Delhi: The steel ministry is in the final phase of talks to officially launch the National Stainless Steel Policy next year, a top official concerned with the matter told Mint. “We are constantly in talks with the ministry, and the process of officially launching the National Stainless Steel Policy is in its final stage,” Abhyuday Jindal, managing director of …

Top 5 steel companies in India by growth
1 year, 4 months ago

Top 5 steel companies in India by growth

Live Mint  

Steel is one commodity that has held a top position among metals for a long time. In the last five years, the contribution of finished steel products to the revenue mix has gone up significantly. View Full Image EM Going forward, the company's expansion plans, and the government's infrastructure push are expected to drive revenue and profit growth. View Full …

Jindal Stainless announces special interim dividend for FY 22-23, record date fixed
1 year, 8 months ago

Jindal Stainless announces special interim dividend for FY 22-23, record date fixed

Live Mint  

Jindal Stainless is a large cap company that recorded a market cap of ₹21,450 Cr today. The shares of Jindal Stainless closed today on a red note on Dalal Street after the Board of Directors of the company announced special interim dividend for FY 22-23. “Pursuant to the applicable provisions of SEBI Listing Regulations, we wish to inform you that …

Jindal Stainless Shares Surge After Company Fixes Record Date for Merger With JSL; Details
1 year, 10 months ago

Jindal Stainless Shares Surge After Company Fixes Record Date for Merger With JSL; Details

News 18  

Jindal Stainless shares hit a record high of Rs 504.55 as they gained 3 per cent on the BSE in Friday’s intra-day trade after the company fixed Thursday, March 9, 2023 as record date for merger of Jindal Stainless with Jindal Stainless. “.in terms of Regulation 42 and 60 of SEBI Listing Regulations, the requirements of the stock exchanges and …

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