Jindal Stainless Ltd, Mahindra Holidays & Resorts India Ltd, Tube Investments of India Ltd and GRM Overseas Ltd are among the other losers in the BSE’s ‘A’ group today, 17 March 2023.

Swan Energy Ltd leads losers in ‘A’ group

The proceeds from the potential bond issue will be used to replace the existing loans with lower priced borrowings. Ratan Jindal is amongst four sons to whom their father OP Jindal bequeathed parts of the Jindal steel empire. Sajjan Jindal, Naveen Jindal and Prithviraj Jindal are his siblings.

Jindal Stainless plans sale of green bonds to repay debt

The 300 MW hybrid project in partnership with ReNew is expected to commence operation in the next 18 months, Jindal Stainless Managing Director Abhyuday Jindal has said.

Hybrid energy project likely to start by 2024, says Jindal Stainless MD

In August 2022, the country’s largest stainless steel player partnered with Hygenco India Private Limited to set up a green hydrogen plant.

Hybrid energy project likely to start by 2024: Jindal Stainless Managing Director Abhyuday Jindal

In the smallcap segment, 36 stocks gave double-digit weekly returns. These include popular names such as Olectra Greentech, Kirloskar Oil Engines, Mangalore Chemicals, SeQuent Scientific, Jindal Saw, Usha Martin, Titagarh Wagons, Dishman Carbogen, Jindal Stainless, and South Indian Bank.

Sensex frowned upon bear party, but 36 smallcaps went on joyride last week

Jindal Stainless shares rose 4.73% to Rs 326.6 against the previous close of Rs 311.85 in the previous session. It hit a fresh 52 week high of Rs 329 on March 8.

Jindal Stainless bulk deal: Stock nears fresh 52-week high as 33.69 lakh shares change hands

Jindal Stainless share price today: In over eight months, investors have gained nearly Rs 13,900 crore in market cap.

Jindal Stainless shares zoom 215% from 52-week low in eight months; can they rally further?

Jindal Stainless (Hissar) has fixed Thursday, March 9, 2023, as the record date for its merger with Jindal Stainless with a swap ratio of 1: 1.95

JSL, JSHL hit new highs ahead of merger; zoom over 100% in 6 months

Adani group companies, HAL, L&T, Dr Reddy’s Lab, Sun Pharma, Power Grid, Zee Entertainment, Vikas Lifecare, Indraprastha Gas, Jaypee Infratech, Jindal Stainless, Allcargo Logistics, Welspun Corp, Star Paper Mills, NBCC India and Lumax Auto

Stocks that will see action on March 08, 2023

Jindal Stainless Ltd (JSL) on Tuesday said it will invest Rs 120 crore to set up rooftop solar capacities at its Jajpur and Hisar facilities.

Jindal Stainless to invest Rs 120 cr to set up two rooftop solar projects

Price return has been average, nothing exciting

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

Unsolicited messages

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.