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Sell Jindal Steel, price target Rs 128: Kunal Bothra

The analyst suggested a stoploss at Rs 140 .

ETMarkets.com|
Updated: Dec 16, 2019, 12.13 PM IST
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Jindal Steel & Power Ltd., incorporated in the year 1979, is a Mid Cap company (having a market cap of Rs 14152.72 Crore) operating in Metals - Ferrous sector.
Kunal Bothra has a sell call on Jindal Steel & Power Ltd. with a target price of Rs 128.0 . The current price of Jindal Steel & Power Ltd. is Rs 136.2 . Kunal Bothra recommended to keep a stoploss at Rs 140 .

Jindal Steel & Power Ltd., incorporated in the year 1979, is a Mid Cap company (having a market cap of Rs 14152.72 Crore) operating in Metals - Ferrous sector.

Jindal Steel & Power Ltd. key Products/Revenue Segments include Iron & Steel Items which contributed Rs 27578.86 Crore to Sales Value (98.97 % of Total Sales), Other Operating Revenue which contributed Rs 205.06 Crore to Sales Value (0.73 % of Total Sales), Export Incentives which contributed Rs 61.91 Crore to Sales Value (0.22 % of Total Sales) and Scrap which contributed Rs 17.50 Crore to Sales Value (0.06 % 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 8939.47 Crore, down -10.12 % from last quarter Sales of Rs 9945.58 Crore and down -9.90 % from last year same quarter Sales of Rs 9921.81 Crore Company has reported net profit after tax of Rs -399.31 Crore in latest quarter.

The company’s top management includes Mr.Anjan Barua, Mr.Arun Kumar Purwar, Mr.D K Saraogi, Mr.Hardip Singh Wirk, Mr.Naveen Jindal, Mr.R V Shahi, Mr.Sudershan K Garg, Mr.V R Sharma, Mrs.Aruna Sharma, Mrs.Savitri Jindal, Mrs.Shallu Jindal. Company has Lodha & Co. as its auditoRs As on 30-09-2019, the company has a total of 1,020,015,971 shares outstanding.

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