Buy JTL Industries, target price Rs 300: Axis Securities
JTL Industries Ltd. key Products/Revenue Segments include Stainless Steel Tubes & Pipes for the year ending 31-Mar-2023.
By ETMarkets.com | Updated:
BCCL - Non Copyright
Axis Securities has buy call on JTL Industries with a target price of Rs 300. The current market price of JTL Industries Ltd. is Rs 250.9.
JTL Industries Ltd., incorporated in the year 1991, is a Small Cap company (having a market cap of Rs 4336.02 Crore) operating in Metals - Ferrous sector.
JTL Industries Ltd. key Products/Revenue Segments include Stainless Steel Tubes & Pipes for the year ending 31-Mar-2023.
Financials
For the quarter ended 31-12-2023, the company reported a Consolidated Total Income of Rs 568.33 Crore, up 12.51 % from last quarter Total Income of Rs 505.13 Crore and up 101.91 % from last year same quarter Total Income of Rs 281.47 Crore. Company reported net profit after tax of Rs 30.18 Crore in latest quarter.
Promoter/FII Holdings
Promoters held 56.0 per cent stake in the company as of 31-Dec-2023, while FIIs owned 1.62 per cent, DIIs 0.83 per cent.
JTL Industries Ltd., incorporated in the year 1991, is a Small Cap company (having a market cap of Rs 4336.02 Crore) operating in Metals - Ferrous sector.
JTL Industries Ltd. key Products/Revenue Segments include Stainless Steel Tubes & Pipes for the year ending 31-Mar-2023.
Financials
For the quarter ended 31-12-2023, the company reported a Consolidated Total Income of Rs 568.33 Crore, up 12.51 % from last quarter Total Income of Rs 505.13 Crore and up 101.91 % from last year same quarter Total Income of Rs 281.47 Crore. Company reported net profit after tax of Rs 30.18 Crore in latest quarter.
Promoter/FII Holdings
Promoters held 56.0 per cent stake in the company as of 31-Dec-2023, while FIIs owned 1.62 per cent, DIIs 0.83 per cent.
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