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Top News In ஜிண்டால் எஃகு ஆம்ப் பவர் Today - Breaking & Trending Today

Stocks To Watch In Trade Today (May 14, 2021): Jindal Steel, Dr. Reddy's, Tata Power


Dr. Reddy s Laboratories announces the launch of ertapenem for Injection in the U.S. market.
The domestic markets are likely to open strong on the last trading day of the week, going by positive cues from the global front. Wall Street had a buoyant session of trade overnight, Asian markets have rebounded in early trading and trends on SGX Nifty indicate a gap-up opening for the broader index in India. At 7:30 am, the Nifty futures were trading at 14,684, higher by 176.50 points on the Singapore Stock Exchange from May 12 closing, while they were trading higher by 59 points from May 13 closing of 14,628. ....

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Metal Stocks Today: Metal Stocks Rally Amid Jump In Commodity Prices


Metal stocks today: Nifty Metal was up 3.56per cent at 4,345.45 points.
Shares prices of metal stocks such as SAIL, Jindal Steel, Hindalco, JSW Steel, Tata Steel rallied on Tuesday, April 13, after a jump in commodity prices. Steel Authority of India or SAIL gained more than six per cent, while Jindal Steel gained more than five per cent, in the session today. Among sectoral indices, Nifty Metal was up 3.56 per cent at 4,345.45 points. On Tuesday, SAIL opened on the NSE at Rs 85.35, touching an intra day high of Rs 89.45 and an intra day low of Rs 85.35 in the session so far. ....

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Broker's call: Jindal Steel & Power (Buy) - The Hindu BusinessLine


Broker s call: Jindal Steel & Power (Buy)
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Updated on
CMP: ₹409.50
We see Jindal Steel & Power (JSPL) at a vantage point due to its: i) fully ramped up operations; ii) continued cost efficiencies; and iii) focus on deleveraging. Besides, the company is poised to reap benefits of the steel upcycle given its focus on value-added products, which will strengthen EBITDA/t to ₹16,500 through to FY22.
Factoring our revised steel price estimates, we are raising FY22E EBITDA by 14 per cent. While we expect earnings to plateau, the substantial debt reduction that the company has achieved from FY19 will drive the stock’s re-rating. Maintain ‘Buy’ with revised Target Price of ₹500 (earlier ₹378). ....

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SRF, Jindal Steel: Will the likely inclusion in MSCI index trigger a rally?


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JSPL gains after reporting highest ever production, sales in FY21


Jindal Steel & Power (JSPL) added 1.79% to Rs 389.45 after the company posted its highest ever production and sales figure for FY21.JSPL ended the fiscal year on a strong note with sales hitting a new record of 786,000 tonnes in FY 2021, up 61% year on year. JSPL said that combination of robust domestic demand, attractive export markets (accounting for 38% of sales) and wide range of products have all contributed to JSPL reporting the steepest rise in monthly sales in FY21.
The steel maker said it production has comfortably crossed the 2 million tonnes mark for the first time. JSPL reported a 34.4% jump in production to 2.07 million tonnes in Q4 March 2021 from 1.54 million tonne reported in Q4 March 2020. The company s production in March 2021 rose 21% YoY to 730,000 tonnes. ....

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