Buy Jindal Saw, price target Rs 105: Kunal Bothra

Kunal Bothra has a buy call on Jindal Saw Ltd. with a target price of Rs 105.0 . The current price of Jindal Saw Ltd. is Rs 94.85 . Kunal Bothra recommended to keep a stoploss at Rs 90 .

Jindal Saw Ltd., incorporated in the year 1984, is a Mid Cap company (having a market cap of Rs 3047.26 Crore) operating in Metals - Ferrous sector.

Jindal Saw Ltd. key Products/Revenue Segments include Pipes (Iron & Steel) which contributed Rs 9265.31 Crore to Sales Value (94.26 % of Total Sales), Scrap which contributed Rs 330.29 Crore to Sales Value (3.36 % of Total Sales), Job Work which contributed Rs 152.38 Crore to Sales Value (1.55 % of Total Sales), Export Incentives which contributed Rs 65.39 Crore to Sales Value (0.66 % of Total Sales) and Other Operating Revenue which contributed Rs 16.12 Crore to Sales Value (0.16 % of Total Sales)for the year ending 31-Mar-2019.

For the quarter ended 30-09-2019, the company has reported a Consolidated sales of Rs 2681.59 Crore, down -12.26 % from last quarter Sales of Rs 3056.46 Crore and down -9.41 % from last year same quarter Sales of Rs 2960.12 Crore Company has reported net profit after tax of Rs 256.77 Crore in latest quarter.

The company’s top management includes Dr.Raj Kamal Agarwal, Dr.Vinita Jha, Mr.Abhiram Tayal, Mr.Ajit Kumar Hazarika, Mr.Girish Sharma, Mr.Hawa Singh Chaudhary, Mr.Neeraj Kumar, Mr.Prithvi Raj Jindal, Mr.Ravinder Nath Leekha, Mr.Sanjeev Shankar, Mrs.Savitri Devi Jindal, Ms.Shradha Jatia, Ms.Sminu Jindal, Ms.Tripti Puneet Arya. Company has Price Waterhouse Chartered Accountants LLP as its auditoRs As on 31-12-2019, the company has a total of 319,754,117 shares outstanding.