Add Jindal Stainless, target price Rs 211: Centrum Broking

Centrum Broking has add call on with a target price of Rs 211. The current market price of Jindal Stainless Ltd. is Rs 176.5.

Time period given by analyst is one year when Jindal Stainless Ltd. price can reach defined target.

Jindal Stainless Ltd., incorporated in the year 1980, is a Small Cap company (having a market cap of Rs 8928.15 Crore) operating in Metals – Ferrous sector.

Jindal Stainless Ltd. key Products/Revenue Segments include Steel, Job Work, Sale of services, Export Incentives, Other Operating Revenue and Gases for the year ending 31-Mar-2021.


For the quarter ended 30-09-2021, the company reported a Consolidated Total Income of Rs 5041.26 Crore, up 24.71 % from last quarter Total Income of Rs 4042.32 Crore and up 51.61 % from last year same quarter Total Income of Rs 3325.15 Crore. Company reported net profit after tax of Rs 385.32 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 68.6 per cent stake in the company as of 30-Sep-2021, while FIIs owned 14.33 per cent, DIIs 6.63 per cent.

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