Sell Jindal Steel & Power, target price Rs 505: Kotak Securities

Kotak Securities has sell call on Jindal Steel & Power with a target price of Rs 505. The current market price of Jindal Steel & Power is Rs 523.55. Time period given by analyst is Intra Day when Jindal Steel & Power Ltd. price can reach defined target.

Jindal Steel & Power Ltd., incorporated in the year 1979, is a Mid Cap company (having a market cap of Rs 53376.11 Crore) operating in Metals – Ferrous sector.

Jindal Steel & Power Ltd. key Products/Revenue Segments include Iron & Steel Items, Power, Other Sales, Other Operating Revenue, Export Incentives, Scrap for the year ending 31-Mar-2021

For the quarter ended 31-12-2021, the company reported a Consolidated Total Income of Rs 12535.35 Crore, down -7.93 % from last quarter Total Income of Rs 13615.49 Crore and up 15.02 % from last year same quarter Total Income of Rs 10898.70 Crore. Company reported net profit after tax of Rs 1866.10 Crore in latest quarter.