Markets

Sell Jindal Steel & Power, target Rs 160: Manas Jaiswal

Manas Jaiswal of manasjaiswal.com has a sell call on Jindal Steel & Power Ltd. with a target price of Rs 160. The current market price of Jindal Steel & Power Ltd. is Rs 171.0 Time period given by the analyst is Intra Day when Jindal Steel & Power Ltd. price can reach the defined target. Manas Jaiswal recommended to keep stoploss at Rs 177. Jindal Steel & Power Ltd., incorporated in 1979, is a largecap company with a market cap of Rs 16551.88 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 ending 31-Mar-2017.

For the quarter ended 30-09-2018, the company has reported a Consolidated sales of Rs 9921.81 Crore, up 4.01 % from last quarter Sales of Rs 9539.60 Crore and up 64.40 % from last year same quarter Sales of Rs 6035.15 Crore Company has reported net profit after tax of Rs 279.17 Crore in latest quarter. The companys 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. Company has Lodha & Co. as its auditoRs As on 30-09-2018, the company has a total of 967,946,379 shares outstanding.

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