Go Ad-Free
    My Alerts
    Moneycontrol
    Moneycontrol PRO
    HomeNewsBusinessStocksJindal Steel plunges 6% on UBS sell rating

    Jindal Steel plunges 6% on UBS sell rating

    "The Central Bureau of Investigation (CBI) filed a case against JSPL over the allocation of a coal block. This overhang will lead to volatility in the stock," UBS report said.

    June 20, 2013 / 12:22 IST
       
       
      26 Aug, 2025 12:21
      Volume
      Todays L/H
      More

      Jindal Steel and Power (JSPL) shares plunged more than 6 percent Thursday, after brokerage house UBS recommended a sell rating on the stock with a target price of Rs 230.


      "The Central Bureau of Investigation (CBI) filed a case against JSPL over the allocation of a coal block. This overhang will lead to volatility in the stock," UBS report said.

      Also Read
      CBI files FIR against JSPL in coal scam
      Jindal Steel & Power promoter pledges shares


      At 10:25 hours IST, the stock was quoting at Rs 230.30, down 6.31 percent on the Bombay Stock Exchange.

      first published: Jun 20, 2013 10:40 am

      Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

      Subscribe to Tech Newsletters

      • On Saturdays

        Find the best of Al News in one place, specially curated for you every weekend.

      • Daily-Weekdays

        Stay on top of the latest tech trends and biggest startup news.

      Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347