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.
We maintain our BUY rating on the stock. We value JSL at Rs 225, based on a merged entity basis.
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