Buy Jindal Stainless, target price Rs 155: ICICI Direct

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.