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Buy Jindal Stainless; target of Rs 135: ICICI Direct

ICICI Direct is bullish on Jindal Stainless has recommended buy rating on the stock with a target price of Rs 135 in its research report dated August 03, 2022.

August 06, 2022 / 10:00 AM IST
 
 
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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.



Outlook


We maintain our BUY rating on the stock. We value JSL at Rs 135, based on merged entity basis.

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For all recommendations report, click here


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Jindal Stainless - 040822 - ic

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first published: Aug 6, 2022 10:00 am
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