Jindal Stainless Limited

JSL

INE220G01021

Iron & Steel

Market Closed - NSE India S.E. Other stock markets 07:43:48 2024-06-06 am EDT			5-day change	1st Jan Change
794.4 ^INR	+2.35%		+11.65%	+38.87%

Jun. 05	Jindal Stainless Completes Acquisition of 100% Stake in Evergreat International	MT
Jun. 04	Jindal Stainless Limited completed the acquisition of 54% stake in Chromeni Steels Private Limited.	CI

Jindal Stainless Limited agreed to acquire a 54% stake in Chromeni Steels Private Limited for INR 13.4 billion

May 30, 2024

Jindal Stainless Limited (NSEI:JSL) agreed to acquire a 54% stake in Chromeni Steels Private Limited for INR 13.4 billion on May 1, 2024. The transaction is expected to close on or before end of first quarter of FY?25.

Latest news about Jindal Stainless Limited

Jindal Stainless Completes Acquisition of 100% Stake in Evergreat International	Jun. 05	MT
Jindal Stainless Limited completed the acquisition of 54% stake in Chromeni Steels Private Limited.	Jun. 03	CI
Sanjay Mishra Joins Jindal Stainless as the New Chief Digital and Information Officer	May. 20	CI
Transcript : Jindal Stainless Limited, Q4 2024 Earnings Call, May 16, 2024	May. 16
Jindal Stainless Earmarks INR47 Billion Capex for Fiscal 2025	May. 16	MT
Jindal Stainless' Consolidated Net Profit Declines in Fiscal Q4	May. 16	MT
India's Jindal Stainless' Q4 profit falls as softer steel prices offset demand	May. 15	RE
Jindal Stainless Limited Reports Earnings Results for the Fourth Quarter Ended March 31, 2024	May. 15	CI
Jindal Stainless Limited Reports Earnings Results for the Full Year Ended March 31, 2024	May. 15	CI
Jindal Stainless Limited Recommends Final Dividend for the Financial Year Ended 31 March, 2024	May. 15	CI
India's weight in key MSCI equity index hits another high, to boost inflows	May. 14	RE
Jindal Stainless Supplies Stainless Steel for Vande Metro Train Project; Shares Up 5%	May. 14	MT
Jindal Stainless Supplies High-Strength Stainless Steel to India's First Vande Metro Train	May. 14	CI
Jindal Stainless Limited Supplies 3 Mm Special Alloy Steel Sheet for Structural Application in the Supersonic Missile-Assisted Release of Torpedo System	May. 07	CI
Jindal Stainless Limited to Seek Acquisitions	May. 01	CI
India's Jindal Stainless to invest $647 million for expansion, acquisition plans	May. 01	RE
Jindal Stainless Limited Announces Expansion in Downstream Capacity in Jajpur, Odisha	May. 01	CI
Jindal Stainless Limited Enters into A Collaboration Agreement for Setting Up A Joint Venture in Indonesia	May. 01	CI
Jindal Stainless Limited announced that it expects to receive INR 540 million in funding	Apr. 30	CI
Jindal Stainless Limited agreed to acquire a 54% stake in Chromeni Steels Private Limited for INR 13.4 billion	Apr. 30	CI
Jindal Stainless Arm Launches Premium Cookware Range	Apr. 08	MT
Jindal Stainless Sell Stake in Associate Company Jindal Coke	Apr. 04	MT
Jindal Stainless to Divest Entire 26% Stake in Jindal Coke by September	Apr. 03	CI
Jindal Stainless Ties Up with IIT Kharagpur for for Metallurgical Projects	Mar. 26	MT
IIT Khagpur Partners with Jindal Stainless to Execute R&D Projects	Mar. 23	CI

Chart Jindal Stainless Limited

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Company Profile

Jindal Stainless Limited is a stainless-steel manufacturer. It is engaged in the manufacturing of stainless-steel flat products in austenitic, ferritic, martensitic and duplex grades. Its products include slabs, blooms, hot rolled (HR) coils, cold rolled (CR) coils, plates and specialty products. Blooms, as semi-finished stainless-steel products, are created using smaller mold sizes. CR produces smooth sheets and strips with precise dimensions and improved surface finishes. Plates are produced by continuously casting slabs, which are then hot rolled after undergoing annealing and pickling. Specialty Product Division serves the precision and specialty stainless steel needs of customers in India and abroad. These include coin blanks, blade steel and precision strips. HR primarily involves deforming the slab/bloom at high temperature and roll pressure. Its subsidiaries include PT. Jindal Stainless Indonesia, Evergreat International Investment Pte Ltd, Jindal Stainless FZE and others.

Sector

Iron & Steel

Calendar

2024-07-21 - Q1 2025 Earnings Release (Projected)

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Ratings for Jindal Stainless Limited

Trading Rating

Investor Rating

ESG Refinitiv

B-

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Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

794.4 INR

Average target price

762.1 INR

Spread / Average Target

-4.07%

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Sector Iron, Steel Mills & Foundries

	1st Jan change	Capi.
JINDAL STAINLESS LIMITED	+38.87%	7.66B
JSW STEEL LIMITED	+0.85%	25.62B
BAOSHAN IRON & STEEL CO., LTD.	+18.72%	21.11B
JINDAL STEEL & POWER LIMITED	+37.62%	12.1B
CHINA STEEL CORPORATION	-12.96%	11.1B
CITIC PACIFIC SPECIAL STEEL GROUP CO., LTD	+6.55%	10.52B
INNER MONGOLIA BAOTOU STEEL UNION CO., LTD.	-2.74%	9.15B
BHARAT FORGE LIMITED	+25.65%	8.39B
TERNIUM S.A.	-3.98%	8.25B
BLUESCOPE STEEL LIMITED	-9.87%	6.18B

Iron, Steel Mills & Foundries