Jindal Steel & Power Ltd
JINDALSTEL

100.15

Open ()
Turnover (lac)
Prev. Close ()
Day's Vol.(shares)

100.20

Open ()
Turnover (lac)
Prev. Close ()
Day's Vol.(shares)

100.45

Open ()
Open Interest
(Contracts)
VWAP ()
Day's Vol
(shares)
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Accumulate
Reco. Price
Rs 91.80
We recommend an ACCUMULATE on the stock as we expect JSPL to return to profitability over FY16-18E. This is expected to be driven by a sharp improvement in revenues and expansion in EBITDA margin due to lower material costs. The stock is currently trading at FY18E P/E multiple of 12.6x and EV/EBITDA of 9.3x. (Target Price - Rs.99.7)
Detailed View
50 DMA (.)
78.70
100 DMA (.)
76.19
200 DMA (.)
74.65
Weekly Range (.)
85.50
94.70
Monthly Range (.)
75.40
96.25
52 Weeks Range (.)
52.00
96.25
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