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Buy Jindal Stainless; target of Rs 225: ICICI Direct

ICICI Direct is bullish on Jindal Stainless has recommended buy rating on the stock with a target price of Rs 225 in its research report dated May 09, 2022.

May 12, 2022 / 04:06 PM 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 and 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 225, based on a merged entity basis.


For all recommendations report, click here

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first published: May 12, 2022 04:06 pm
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