Jindal Steel & Power, incorporated in the year 1979, is a Mid Cap company (having a market cap of Rs 60251.50 Crore) operating in Metals - Ferrous sector.
Jindal Steel & Power key Products/Revenue Segments include Iron & Steel Items, Power, Other Sales, Other Operating Revenue, Export Incentives, Scrap for the year ending 31-Mar-2021.
Financials
The company’s top management includes Mrs.Savitri Jindal, Mr.Sunil Kumar Agrawal, Ms.Kanika Agnihotri, Mrs.Shivani Wazir Pasrich, Mr.Sunjay Kapur, Dr.Bhaskar Chatterjee, Dr.(Mrs.)Aruna Sharma, Mr.D K Saraogi, Mr.Naveen Jindal, Mr.Ramaswamy Ramkumar. Company has Lodha & Co. as its auditors. As on 30-06-2022, the company has a total of 102 Crore shares outstanding.
Investment Rationale
The stock on the weekly chart has decisively broken out above the “Multiple resistance zone” placed between 570-580 levels with strong bullish candle. The breakout is accompanied with an increase in volume confirming participation at breakout level. Stock is forming a higher high-low on the weekly chart. This formation indicates a positive uptrend.
Promoter/FII Holdings
Promoters held 60.44 per cent stake in the company as of 30-Jun-2022, while FIIs owned 10.65 per cent, DIIs 15.75 per cent.
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