JINDAL SHADEED IRON AND STEEL CO LLC
Rising metal prices pose both headwinds & opportunities: 5 stocks from pipe & wire industry that can rise up to 35%
Today, when the whole market is down, there is one sector which is leading the recovery, metals. Both ferrous and non ferrous. Partially because of the fact that Russian metal has been sort of ousted from the markets with the US and UK taking measures to keep it out of exchanges. Also because there are enough indications from China that demand might be getting stronger. Now there is an inverse relationship between the rising price of metal and margins of the many user industries. So when there is an expectation that metal prices are going to rise, there is bound to be a negative reaction in some of the sectors and industries. As an investor one needs to realize that the user industry, where there is higher “value addition” to the metal and there is a strong “brand”. The impact on margins is much lower. Infact when these stocks react to the narrative which might hit the street sooner than later, it is probably the time to have a look at them with a long term perspective.
Buy Jindal Steel & Power, target price Rs 1,030: Nuvama Wealth
Jindal Steel & Power key Products/Revenue Segments include Iron & Steel Items, Other Operating Revenue, Scrap and Export Incentives for the year ending 31-Mar-2023.
Pricier ore, coal to benefit miners, weigh on steel companies
Among the companies, NMDC is expected to report the best quarterly performance, helped by volume and prices rising by nearly a fifth from the year before. This could help the state-run iron ore miner's operating profit per tonne surge by more than 40% in the three months ended December 31, said analysts.
World Steel Association elects Leon Topalian as Chairman, India's T V Narendran as Vice Chairman
Leon Topalian, President & CEO of Nucor Corporation, has been elected as Chairman of worldsteel, with T V Narendran, MD & CEO of Tata Steel, chosen as one of its Vice-Chairmen. Jeong-Woo Choi, CEO of POSCO Holdings, was also elected as a Vice-Chairman. Narendran, along with Sajjan Jindal, CMD of JSW Steel, and L N Mittal, Executive Chairman of ArcelorMittal, were appointed to the Executive Committee.
Naveen Jindal looks to pilot Go First out of insolvency, company submits EoI
Naveen Jindal, the promoter of Jindal Steel and Power, has expressed interest in buying insolvent airline Go First. The expression of interest has been submitted by Jindal Power, owned by Worldone Pvt Ltd, a company owned by Naveen Jindal. It is unclear whether Jindal is looking to acquire the airline outright or act as a strategic investor. Go First has over ₹20,000 crore in claims from creditors and is running against the clock to resume its services.
From cars to planes: Jindal brothers' lofty ambitions to diversify business
Sajjan and Navin Jindal are leaping from the core businesses of steel, power and infra to diversify into consumer-facing businesses of automobiles and aviation.
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Venezuela, Jindal Steel are said to sign deal on iron ore mill
The deal with Jindal Steel is Venezuela’s first step to open up operations in its metallurgic and mining industries to an international private company, after the US sanctions hit the country in 2019. Venezuela’s mining and heavy industries are all state owned
Jindal Steel & Power: Bullish to sideways
Jindal Steel & Power’s daily trend is bullish to sideways. RSI for monthly, weekly and daily is showing bullish momentum. Based on option chain analysis, the range is between 600 and 700. Let’s plan a trade around this.
JSPL promoter Naveen Jindal in early talks to raise up to $3 billion
JSPL, part of the OP Jindal group, is one of India's largest steel producers. According to the latest data, the promoter Jindal family currently owns a 61.2% stake and has increased holdings by 0.8 percentage point since the June quarter last year.
Vulcan Steel in talks to raise $2.5 billion for Oman project
The plant will be built using funds exclusively from non-bank sources, said the people cited above. In all, the company plans to invest more than $3 billion in the Duqm-based project, a senior executive from the group said in an interview earlier.
Oil Marketer set to scale new heights as steel and energy major goes bullish to sideways
The stock price of this company has been rising gradually since February. Recently, it was seen consolidating in a range. Now it has surpassed the upper-trendline resistance of a flag-like formation, which opens up further upside potential for the price to scale. The rise in volume during the breakout is supportive of the bullish view.
Sell Jindal Steel & Power, target price Rs 502: Religare Broking
Jindal Steel & Power, incorporated in the year 1979, is a Mid Cap company (having a market cap of Rs 53804.55 Crore) operating in Metals - Ferrous sector.
Buy Jindal Steel & Power, target price Rs 566: Sharekhan by BNP Paribas
Jindal Steel & Power, incorporated in the year 1979, is a Mid Cap company (having a market cap of Rs 53488.32 Crore) operating in Metals - Ferrous sector.
From grey to green: Can Indian steel makers make the shift to sustainable manufacturing?
The need for environmentally friendly manufacturing is not lost on the steel sector — a crucial segment for industrialisation. But Indian manufacturers have to grapple with questions around cost and competitiveness before going green.
Nifty Metal index stocks are a better basket buy than single stock exposure
After the reopening of China, metal prices were expected to inch upward, however the slide continues. Is it because of fears of US recession or over optimism of the covid era is getting adjusted to normal. Stock Reports Plus, powered by Refinitiv, is a comprehensive research report that evaluates five key components of 4,000+ listed stocks - earnings, fundamentals, relative valuation, risk and price momentum to generate standardized scores.
Analysts divided over Nifty Metal index stocks amid global headwinds
After the reopening of China, metal prices were expected to inch upward, however the slide continues. Is it because of fears of US recession or over optimism of the covid era is getting adjusted to normal. Stock Reports Plus, powered by Refinitiv, is a comprehensive research report that evaluates five key components of 4,000+ listed stocks - earnings, fundamentals, relative valuation, risk and price momentum to generate standardized scores.
Steel giant set to stumble as another steel powerhouse moves sideways
The price of this company has fallen from the January peak of Rs 124 and was attempting a bounce back making a lower high at Rs 112. Now the price has given a rising-wedge breakdown by breaching the lower-trendline support. The price has formed a bearish Marubozu candle and its volume has also increased, which increases the probability of the pattern working out.
Sell Jindal Steel & Power, target price Rs 561: Edelweiss
Weekly charts have formed an inverted hammerformation after five weeks of bullish closing.
From dirty steel to green biz, how JSW Group is reinventing itself
Jindal recently told the Financial Times that using its mining experience, JSW would “100 per cent” be bidding for newly found lithium blocks in the Jammu and Kashmir region, which the government is set to auction this year. He said he wanted to manufacture electric cars by reviving the company's previous plans.
Sectoral Spotlight: Metals in focus as Q4FY23 earnings season kicks-off; watch out for SAIL, Hindalco
Brokerage firm PhillipCapital is optimistic about the sector, estimating a robust Q4FY23 quarter for almost all metal companies. It has also identified stocks in ferrous, non-ferrous space that are expected to perform well.
Buy Jindal Steel & Power, target price Rs 750.0 : ICICI Securities
The brokerage remains positive on expanding spreads in India. Besides, enough opportunity exists in the export market where realisation too is currently better.
Buy Jindal Steel & Power, target price Rs 690: JM Financial
Jindal Steel & Power, incorporated in the year 1979, is a Mid Cap company (having a market cap of Rs 57252.44 Crore) operating in Metals - Ferrous sector.
Buy Jindal Steel & Power, target price Rs 750: ICICI Securities
The stock is one of the key picks of the brokerage given the ensuing cost efficiencies.
Sell Jindal Steel & Power, target price Rs 524.5: Nuvama Wealth brokerage
Promoters held 61.2 per cent stake in the company as of 31-Dec-2022, while FIIs owned 13.13 per cent, DIIs 14.15 per cent.
Buy Jindal Steel & Power, target price Rs 750: ICICI Securities
Jindal Steel & Power, incorporated in the year 1979, is a Mid Cap company (having a market cap of Rs 60924.76 Crore) operating in Metals - Ferrous sector.
Buy Jindal Steel & Power, target price Rs 750: ICICI Securities
The record spending on railways inrolling stocks, wagon wheel and rails may benefit JSPL,
Buy Jindal Steel & Power, target price Rs 750: ICICI Securities
Promoters held 61.2 per cent stake in the company as of 31-Dec-2022, while FIIs owned 13.13 per cent, DIIs 14.15 per cent.
Buy Jindal Steel & Power, target price Rs 750: ICICI Securities
Jindal Steel & Power, incorporated in the year 1979, is a Mid Cap company (having a market cap of Rs 61592.92 Crore) operating in Metals - Ferrous sector.
Jindal Steel & Power: Short-term sideways to bullish
Jindal Steel & Power’s daily trend is bullish, however, in the last few trading sessions, it is showing weaknesses and shown some correction. Based on option chain analysis, the range is between 500 and 600. This is a wide range. Using the PCR ratio, it is at 0.7. Let’s plan a trade around that.
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