Jindal Steel & Power Ltd., incorporated in the year 1979, is a Mid Cap company (having a market cap of Rs 44426.80 Crore) operating in Metals – Ferrous sector.
Financials
For the quarter ended 31-03-2021, the company reported a Consolidated Total Income of Rs 11903.59 Crore, up 9.22 % from last quarter Total Income of Rs 10898.70 Crore and up 34.73 % from last year same quarter Total Income of Rs 8835.23 Crore. Company reported net profit after tax of Rs 2139.28 Crore in latest quarter.
Investment Rationale
The stock has seen one of the highest delivery based action around Rs 380-400 in the last couple of months. Since then, it has remained in a narrow range. With early signs of the stock moving out of the prevailing range, the brokerage expects its upward momentum to endure.
Promoter/FII Holdings
Promoters held 60.5 per cent stake in the company as of March 31, 2021, while FIIs held 11 per cent, DIIs 16.9 per cent and public and others 11.6 per cent.
(Disclaimer: Views and recommendations given in this section are the analysts’ own and do not represent those of ETMarkets.com. Please consult your financial adviser before taking any position in the stock/s mentioned.
