INSUBCONTINENT EXCLUSIVE:
Independent analyst Nooresh Merani has a buy call on Jindal Steel Power Ltd
with a target price of Rs 243.0
The current market price of Jindal Steel Power Ltd
is Rs 233.5 Time period given by the analyst is Intra Day when Jindal Steel Power Ltd
price can reach the defined target
Nooresh Merani recommended to keep stoploss at Rs 225
Jindal Steel Power Ltd., incorporated in 1979, is a largecap company with a market cap of Rs 22601.55 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
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
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
as its auditoRs As on 30-06-2018, the company has a total of 967,946,379 shares outstanding.
