Jindal Stainless Get A 'Buy' As Anand Rathi Initiates Coverage

Fluctuations in nickel prices, more imports from China and other Asian countries, slowing domestic demand, are the key risk factors to the brokerages' call.

Jindal Stainless. (Source: Company website)

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Anand Rathi Report

Considering Jindal Stainlesss Ltd.’s strong focus on capacity expansion, raw material integration, enhanced share of value added products and tight balance-sheet control, we initiate coverage on Jindal Stainless with a Buy recommendation.

Our FY27e target price is Rs 870 (10 times FY27e enterprise value/Ebitda).

Key risks:

Fluctuations in nickel prices, more imports from China and other Asian countries and slowing domestic demand.

Click on the attachment to read the full report:

Anand Rathi Jindal Stainless Initiating Coverage Note.pdf
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