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.
From idirect jindalsteel q2fy27, written by ICICI Direct Research (ICICI Securities Limited) and hosted by ICICI Direct. Orivam summarised it; the view is ICICI Direct Research (ICICI Securities Limited)'s, not Orivam's.
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