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Why you should hold on to JSPL stock Satya Sontanam BL Research Bureau | Updated on May 30, 2021 Jindal Steel & Power Ltd. at the current price of ₹396 continues to offer balanced risk-reward The stock of Jindal Steel & Power (JSPL) has risen more than sixfold since its lows in April 2020. The buoyancy in the stock performance was in line with other steel stocks on account of favourable global conditions resulting from capacity cut by Chinese steel plants, increasing demand for the metal globally and domestically, and loose monetary policy measures across the globe that are expected to incr...
Synopsis Jindal Steel and Power (JSPL) said the coal ministry has declared Jindal Power as the successful bidder for Gare Palma IV/1 Mine. A part of the OP Jindal Group, JSPL has presence in steel, power, mining and infrastructure sectors. NEW DELHI: Shares of Jindal Steel & Power (JSPL) gained 3 per cent in Friday's trade after the Naveen Jindal-owned company said its subsidiary Jindal Power has been declared as the successful bidder for a block of Gare Palma coal mine in Chhattisgarh. Following the development, the stock rose 2.53 per cent to hit a high of Rs 272.80 on BSE. In a statement,...