About CoreAspect


Jindal Steel surges over 6%; brokerages bullish

NEW DELHI: Shares of Jindal Steel and PowerBSE 6.13 % (JSPL) advanced as much as 6.55 per cent in early trade on Friday after Citigroup raised its target price to Rs 200 from Rs 140 earlier, citing operational capacity has potential to generate higher EBITDA.

The scrip was trading 5.12 per cent up at Rs 124.30 around 10.40 am (IST). Shares of the company opened at Rs 120.60 and touched a high and low of Rs 126 and Rs 120.60, respectively, in trade so far. Benchmark BSE Sensex was trading 55 points, or 0.19 per cent, up at 28,984.

Domestic brokerage house EdelweissBSE 0.07 % Securities also upgraded JSPL with ‘Buy’ rating and raised the target price to Rs 160 from Rs 97 earlier.

“We estimate consolidated EBITDA to jump 32 per cent year-on-year to Rs 8,200 crore by FY19. Standalone EBITDA is expected to clock 40 per cent CAGR to Rs 6300 crore over FY16-19E led by ramp up of the 3.2mtpa blast furnace at Angul in 10-12 months,” the brokerage house said.

On a year-to-date basis, share price of the company has rallied 68 per cent to Rs 118.25 till March 9, whereas benchmark BSE Sensex advanced nearly 9 per cent during the same period.

For the quarter ended December 31, 2016, the company reported a net loss of Rs 407.44 crore, against net loss of Rs 573.48 crore in the corresponding quarter last year.

Related posts

Onlinecasino Disconnection Administration | What Goes on into This episode?


This Woman Shows How To Save A Huge Sum Of Money


How to Achieve a Realistic Work Life Balance


Stuck in a Rut? 6 Steps to Break Free and Live a Happy Life Again

Sign up for our Newsletter and
stay informed
[mc4wp_form id="14"]

Leave a Reply

Your email address will not be published. Required fields are marked *

windows 10 pro kaufen windows 10 education kaufen windows 10 enterprise kaufen windows 10 home kaufen office 2019 kaufen office 2013 kaufen office 2016 kaufen office 2019 home business kaufen office 365 kaufen microsoft project 2019 kaufen microsoft project 2016 kaufen visio 2019 kaufen visio 2016 kaufen 360 total security kaufen avast kaufen kaspersky kaufen mcafee kaufen autocad lt kaufen coreldraw kaufen windows 8.1 pro kaufen windows 8.1 enterprise kaufen windows 7 ultimate kaufen windows 7 pro kaufen windows 7 home basic kaufen windows 7 enterprise kaufen windows lizenz kaufen cpluskey.com follower kaufen instagram follower kaufen