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    Buy Jindal Stainless, target price Rs 155: ICICI Direct

    Synopsis

    Jindal Stainless Ltd., incorporated in the year 1980, is a Small Cap company (having a market cap of Rs 7312.27 Crore) operating in Metals - Ferrous sector.

    buy, sellGetty Images
    Promoters held 70.1 per cent stake in the company as of 30-Jun-2022, while FIIs owned 13.77 per cent, DIIs 5.85 per cent.
    ICICI Direct has buy call on Jindal Stainless with a target price of Rs 155. The current market price of Jindal Stainless is Rs 137.5. Time period given by analyst is 14 days when Jindal Stainless Ltd. price can reach defined target.

    Jindal Stainless Ltd., incorporated in the year 1980, is a Small Cap company (having a market cap of Rs 7312.27 Crore) operating in Metals - Ferrous sector.

    Jindal Stainless Ltd. key Products/Revenue Segments include Steel, Job Work, Sale of services, Export Incentives, Other Operating Revenue and Gases for the year ending 31-Mar-2021.


    Financials
    For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 5490.91 Crore, down -16.59 % from last quarter Total Income of Rs 6582.84 Crore and up 35.84 % from last year same quarter Total Income of Rs 4042.32 Crore. Company reported net profit after tax of Rs 302.54 Crore in latest quarter.



    Promoter/FII Holdings
    Promoters held 70.1 per cent stake in the company as of 30-Jun-2022, while FIIs owned 13.77 per cent, DIIs 5.85 per cent.



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    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
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