ICICI Direct's research report on Jindal Stainless
Jindal Stainless (JSL) is among the leading stainless steel manufacturing companies in the world & India’s largest stainless steel manufacturer. JSL operates an integrated stainless steel plant at Jajpur, Odisha. The complex has a total stainless steel capacity of 1.1 million tonnes per annum • The company has readily leveragable infrastructure for cost efficient brownfield expansion.
We maintain our BUY rating on the stock. We value JSL at Rs 135, based on merged entity basis.
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