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    Buy Jindal Steel & Power, target Rs 196: Kunal Bothra

    Synopsis

    Buy Jindal Steel & Power Ltd. at a price target of Rs 196.0 and a stoploss at Rs 177 from entry point.

    buysell7ThinkStock Photos
    Independent analyst Kunal Bothra has a buy call on Jindal Steel & Power Ltd. with a target price of Rs 196. The current market price of Jindal Steel & Power Ltd. is Rs 184.35 Time period given by the analyst is Intra Day when Jindal Steel & Power Ltd. price can reach the defined target. Kunal Bothra recommended to keep stoploss at Rs 177. Jindal Steel & Power Ltd., incorporated in 1979, is a largecap company with a market cap of Rs 17844.09 crore.

    Jindal Steel & Power Ltd. key Products/Revenue Segments include Sponge Iron which contributed Rs 15665.46 Crore to Sales Value (97.33 % of Total Sales), Other Operating Revenue which contributed Rs 350.30 Crore to Sales Value (2.17 % of Total Sales), Export Incentives which contributed Rs 68.87 Crore to Sales Value (0.42 % of Total Sales) and Scrap which contributed Rs 10.05 Crore to Sales Value (0.06 % of Total Sales)for the year ending 31-Mar-2017.

    For the quarter ended 30-06-2018, the company has reported a Consolidated sales of Rs 9539.60 Crore, up 11.93 % from last quarter Sales of Rs 8522.79 Crore and up 70.12 % from last year same quarter Sales of Rs 5607.57 Crore Company has reported net profit after tax of Rs 109.89 Crore in latest quarter. The company’s top management includes Mr.Anjan Barua, Mr.Arun Kumar, Mr.Arun Kumar Purwar, Mr.Dinesh Kumar Saraogi, Mr.Hardip Singh Wirk, Mr.Naveen Jindal, Mr.Rajeev Bhadauria, Mr.Ram Vinay Shahi, Mr.Ravikant Uppal, Mr.S Annadurai, Mr.Sudershan K Garg, Mrs.Savitri Jindal, Mrs.Shallu Jindal, Mrs.V C Mirunalini. Company has Lodha & Co. as its auditoRs As on 30-09-2018, the company has a total of 967,946,379 shares outstanding.



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    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
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