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JSL Consensus Forecast
No. of reports in last year
2
No. of analysts
2
Average Consensus Forecast
142.5
Consensus Potential
-35.08%
JSL Price Target Potential
| Brokerage | Target | Potential |
|---|---|---|
| ICICIdirect.com | 200 | 19.42% |
| Edelweiss | 85 | -89.59% |
JSL Ratings
Long term JSL rating by FrontPage users
- ★★
- ★★
- ★★
- ★★
- ★★
0/5 (0 Ratings)0
2 JSL share price target reports by brokerages below. See what is analyst's view on JSL share price forecast, rating, estimates, valuation and prediction behind the target. You may use these research report forecasts for long-term to medium term for your investment or trades in 2020.
JSL Share Price Target
JSL Share Price Target - Broker Reports - 2021
ICICIdirect.com
2-Aug-21
Price @ Call: 158.5
Target: 200
BUY
JSL Share Price Target - Broker Reports - 2020
Edelweiss
30-Dec-20
Price @ Call: 78.63
Target: 85
BUY
JSL Share Price Target - Broker Reports - 2019
Edelweiss
20-Mar-19
Price @ Call: 40.4
Target: 65
BUY
After a precipitous decline of 75% over 11 months through January 2019, the Jindal Stainless (JSL) stock has bounced back 55%. In the past one year, the stock has exhibited greater volatility than both peers and LME nickel (Ni) owing to concerns around: 1) pledging of promoters’ shares; and 2) delay in exit from the CDR mechanism. We believe that concerns around pledging are overdone and the CDR exit is around the corner. In addition, LME Ni prices have started rising owing to a foreseeable deficit over the medium term. Hence, we are raising FY20/21E LME Ni and stainless steel prices by 22% and 12%, respectively. Consequently, our FY20E/FY21E EBITDA too has risen 14%/11%. Maintain ‘BUY’ with a revised TP of INR65 (versus INR40 earlier) on an unchanged exit multiple of 5x September 2020E EBITDA. That said, we believe about 50% upside potential is fraught with volatility until the aforesaid concerns fade away.
JSL Share Price Target - Broker Reports - 2018
Edelweiss
27-Sep-18
Price @ Call: 59
Target: 100
BUY
Edelweiss
30-Aug-18
Price @ Call: 68.7
Target: 100
BUY
Edelweiss
20-Jul-18
Price @ Call: 55.99
Target: 100
BUY
Edelweiss
10-May-18
Price @ Call: 85.8
Target: 125
BUY
IIFL
8-May-18
Price @ Call: 89.8
Target: 107
BUY
JSL Share Price Target - Broker Reports - 2017
Edelweiss
30-Oct-17
Price @ Call: 117
Target: 329
BUY
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JSL Peer Stocks - Share Price Targets
SOURCE: Data from D'Market via Quandl. Intraday data delayed 15 minutes.
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