Buy Jindal Steel & Power, target price Rs 900: Motilal Oswal
Motilal Oswal has buy call on Jindal Steel & Power Ltd. with a target price of Rs 900. The current market price of Jindal Steel & Power Ltd. is Rs 772.85.Jindal Steel & Power Ltd., incorporated in the year 1979, is a Mid Cap company (having a market cap of Rs 79169.04 Crore) operating in Metals - Ferrous sector.
Jindal Steel & Power Ltd. key Products/Revenue Segments include Iron & Steel Items, Other Operating Revenue, Scrap and Export Incentives for the year ending 31-Mar-2023.For the quarter ended 31-12-2023, the company reported a Consolidated Total Income of Rs 11736.40 Crore, down -4.44 % from last quarter Total Income of Rs 12282.04 Crore and down -5.88 % from last year same quarter Total Income of Rs 12469.50 Crore. Company reported net profit after tax of Rs 1927.87 Crore in latest quarter.Promoters held 61.2 per cent stake in the company as of 31-Dec-2023, while FIIs owned 11.75 per cent, DIIs 15.32 per cent.
