Jindal Stainless Ltd (JSL) on Friday said it supplied high-strength alloy steel grade to ISRO which was used in Chandrayaan-3 mission. The specialised alloy steel grade supplied to the Indian Space Research Organisation (ISRO), usually imported from several countries, was meticulously developed over…

Supplied high-strength alloy steel for Chandrayaan-3: Jindal Stainless

India’s steel imports rose 7.6% to 4.84 lakh metric tonne during June 2023, over the same month last year.

Jindal Stainless Seeks Government Intervention To Check Surging Steel Imports

The firm’s profit rose to Rs 737.6 crore in the June quarter from Rs 507.9 crore in the year-ago period on healthy domestic market growth and a 17 percent increase in exports

Jindal Stainless gains on better-than-expected Q1 numbers

“The Prime Minister’s Office has taken up the mantle,” Jindal told reporters, adding that the matter was likely being discussed internally.

PMO probing dumping of Chinese stainless steel: Jindal Stainless Executive

The Prime Minister’s Office (PMO) is probing into the potential dumping of Chinese stainless steel products, even as the industry continues to demand levy of countervailing duty on such shipments, Abhyuday Jindal, Managing Director, Jindal Stainless Ltd (JSL) said.

PMO looking into Chinese dumping of stainless steel: Abhyuday Jindal of JSL

Revenue was up 25% to Rs 10,184 crore, while Ebitda margin was at 11.71% vs 10.95%.

Jindal Stainless Q1 Results: Profit Surges 45%, Beats Estimates

Jindal Stainless on Thursday said it has acquired the remaining 74% stake in Odisha-based Jindal United Steel Ltd., for Rs 958 crore.

Jindal Stainless Acquires Remaining 74% Stake In JUSL For Rs 958 Crore

“JSL has now acquired the remaining 74 per cent equity stake in JUSL for a cash consideration of Rs 958 crore. The transaction makes JUSL a 100 per cent owned subsidiary of JSL,” JSL said. JUSL has been operating the hot strip mill (HSM) of 1.6 million tonne per annum (MTPA) capacity and a cold roll…

Jindal Stainless acquires remaining 74 pc stake in JUSL for Rs 958 crore

Multibagger stock: Jindal Stainless shares closed at Rs 365.30, 3.31% higher in the previous session on BSE. The scrip also hit a record high of Rs 368.55 in the same session.

Jindal Stainless shares rose 275% from 52-week low; can they cross Rs 400 mark?

Multibagger stock: Jindal Stainless shares hit a record high of Rs 368.55 in the current session (July 6, 2023), delivering 814% returns during the last three years. In comparison, Sensex has risen 80% in three years.

Rs 40 to Rs 368: This metal stock turned into a multibagger in three years, hit record high today

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The creamy layer - amongst the top performing stocks

Performance

Seems to be overvalued vs the market average

Valuation

Strong financials and growth story over the years

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is underpriced and is not in the overbought zone

Current price is less than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

The stock has a moderate number of red flags

Promoter pledged holding

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Default probability

Red flags

Jindal Saw Limited is engaged in manufacturing stainless steel. It's products include slabs, blooms, hot rolled (HR) coil, cold roll (CR) coil, plates, coin blanks, precision strips, blade steel and stainless steel plumbing.