Buy Jindal Stainless, target price Rs 910: JM Financial

JM Financial has buy call on Jindal Stainless with a target price of Rs 910. The current market price of Jindal Stainless is Rs 787.75. Jindal Stainless, incorporated in the year 1980, is a Small Cap company (having a market cap of Rs 64,849.59 Crore) operating in Metals - Ferrous sector.

Jindal Stainless key Products/Revenue Segments include Steel, Sale of services, Export Incentives, Other Operating Revenue and Job Work for the year ending 31-Mar-2024.

Financials

For the quarter ended 30-06-2024, the company has reported a Consolidated Total Income of Rs 9,480.50 Crore, down -.30 % from last quarter Total Income of Rs 9509.00 Crore and down -7.30 % from last year same quarter Total Income of Rs 10,227.20 crore. Company has reported net profit after tax of Rs 647.50 Crore in latest quarter.


Promoter/FII Holdings

Promoters held 60.49% stake in the company as of 30-Jun-2024, while FIIs owned 22.49%, DIIs 6.25%.