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    Buy Jindal Saw, target price Rs 115: Prabhudas Lilladher

    Synopsis

    Promoters held 63.02 per cent stake in the company as of 30-Jun-2022, while FIIs owned 11.85 per cent, DIIs 0.86 per cent.

    BuyiStock
    Jindal Saw, incorporated in the year 1984, is a Mid Cap company (having a market cap of Rs 3229.52 Crore) operating in Metals - Ferrous sector.
    Prabhudas Lilladher has buy call on Jindal Saw with a target price of Rs 115. The current market price of Jindal Saw is Rs 101. Prabhudas Lilladher recommended to keep stop loss at Rs 93. Time period when the recommended target price shall be reached is intraday.

    Jindal Saw, incorporated in the year 1984, is a Mid Cap company (having a market cap of Rs 3229.52 Crore) operating in Metals - Ferrous sector.

    Jindal Saw key Products/Revenue Segments include Pipes (Iron & Steel), Scrap, Job Work, Export Incentives and Other Operating Revenue for the year ending 31-Mar-2022.

    Financials
    For the quarter ended 30-09-2022, the company has reported a Consolidated Total Income of Rs 4066.88 Crore, up 15.85 % from last quarter Total Income of Rs 3510.46 Crore and up 35.34 % from last year same quarter Total Income of Rs 3004.97 Crore. Company has reported net profit after tax of Rs 21.03 Crore in latest quarter.

    The company’s top management includes Mrs.Savitri Devi Jindal, Mr.Girish Sharma, Mr.Ajit Kumar Hazarika, Mr.Ravinder Nath Leekha, Dr.Raj Kamal Agarwal, Dr.Vinita Jha, Mr.Sanjeev Shankar, Ms.Tripti Puneet Arya, Ms.Shradha Jatia, Mr.Hawa Singh Chaudhary, Mr.Neeraj Kumar, Ms.Sminu Jindal, Mr.Prithavi Raj Jindal, Mr.Abhiram Tayal. Company has Price Waterhouse Chartered Accountants LLP as its auditors. As on 30-06-2022, the company has a total of 32 Crore shares outstanding.

    Promoter/FII Holdings
    Promoters held 63.02 per cent stake in the company as of 30-Jun-2022, while FIIs owned 11.85 per cent, DIIs 0.86 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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