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1 note from ICICI Direct · 01 Oct 2026, 00:00 to 01 Nov 2026, 00:00 IST

26 Oct 2026, 10:02 IST JINDAL STEEL LIMITED ICICI Direct Research (ICICI Securities Limited) BUY target ₹1,220

The report states that JSL reported healthy Q2FY27 performance with consolidated topline up 43% YoY to ₹16,679 crore and PAT up 21% YoY to ₹771 crore, and maintains a BUY rating with a target price of ₹1,220 based on 9x FY28E EV/EBITDA, citing capacity-led volume expansion, richer product mix, cost optimisation and low leverage as support.

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