Is it good to buy Jindal Stainless Steel share?
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Jindal Stainless Limited (NSE: JSL) As on 16th Dec 2021 JSL Share Price closed @ 184.05 and we RECOMMEND Strong Buy for LONG-TERM with Stoploss of 121.68 & Buy for SHORT-TERM with Stoploss of 176.56 we also expect STOCK to react on Following IMPORTANT LEVELS.
What is the future of Jindal Steel share?
Tomorrow’s movement Prediction of Jindal Steel & Power Limited JINDALSTEL as on 16 Dec 2021 appears undecisive. It can be Bearish or Bullish….Munafa value: 54 as on 16 Thu Dec 2021.
| Upside target | 409.43 |
|---|---|
| Upside target | 396.35 |
| Downside target | 392.07 |
| Downside target | 390.75 |
| Downside target | 388.23 |
Can we buy Jindal Steel today?
Jindal Steel & Power Ltd., incorporated in the year 1979, is a Mid Cap company (having a market cap of Rs 45465.33 Crore) operating in Metals – Ferrous sector. Yes Securities has buy call on Jindal Steel & Power with a target price of Rs 485. The current market price of Jindal Steel & Power Ltd. is Rs 445.45.
What is the prospects of Jindal Steel and Power shares?
Jindal Steel & Power Ltd. has an average target of 443.25. The consensus estimate represents an upside of 12.22\% from the last price of 395.00.
In an exchange filing, the company said that a healthy demand environment after the second wave of COVID had pushed up sales volumes by 8 per cent to 256,664 tonnes in September 2021 quarter. In July-September, Jindal Stainless increased the percentage of its exports from 20 per cent to 23 per cent.
Will Jindal Steel share price go up?
Jindal Steel & Power Ltd. quote is equal to 394.900 INR at 2021-12-16. Based on our forecasts, a long-term increase is expected, the “Jindal Steel Amp Power Ltd” stock price prognosis for 2026-12-11 is 743.042 INR. Your current $100 investment may be up to $188.16 in 2026.
How much debt is on Jindal Steel?
It has made a prepayment of Rs 2,462 crore to its term lenders in addition to the loan repayments of Rs 20,000 crore in the last three years until December 2020. The company reported a debt of Rs 25,600 crore in December 2020 vis-a-vis Rs 46,500 crore in December 2017.
Why steel prices are increasing?
A Midwest steel index calculated by CRU Group estimated prices at $1,940 a ton at the start of September, up from around $560 in September for both 2019 and 2020. Manufacturers and trade groups that represent them say steel prices are rising because of high demand for manufactured goods.
Is Jindal Steel a debt free company?
The debt levels of Jindal Steel and Power Ltd (JSPL) will be at Rs 5,000 crore by the end of March and by the end of June 2022, we will be completely debt-free, VR Sharma, MD of the company told CNBC-TV18. It had reported a net profit of Rs 836.6 crore in the second quarter of FY21.
Is Jindal Steel and power in a good trend?
Jindal steel and power in good trend. Jindal steel and power is just a little above from its proper buying zone but can still be considered for a quick swing . Jindal Steel & Power Ltd. is a holding company, which engages in the manufacture and sale of steel and generation of electric power.
What does the company quickjindal steel do?
Jindal Steel & Power Ltd. is a holding company, which engages in the manufacture and sale of steel and generation of electric power. It operates through the following segments: Iron and Steel, Power, and Others.
What is the business model of judjindal?
Jindal Steel & Power Ltd. is a holding company, which engages in the manufacture and sale of steel and generation of electric power. It operates through the following segments: Iron and Steel, Power, and Others. The Iron and Steel segment comprises of steel products, sponge iron, pellets, and castings.