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This Article is From Nov 05, 2024

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

Jindal Stainless Get A 'Buy' As Anand Rathi Initiates Coverage
Jindal Stainless. (Source: Company website)

NDTV Profit's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer NDTV Profit's subscribers an opportunity to expand their understanding of companies, sectors and the economy.

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:

DISCLAIMER

This report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

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