Jindal Steel Share Price: Emkay ne Diya 'BUY' ka Signal, Target ₹1400! Q4 Performance Zabardast

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AuthorVihaan Mehta|Published at:
Jindal Steel Share Price: Emkay ne Diya 'BUY' ka Signal, Target ₹1400! Q4 Performance Zabardast
Overview

Arre bhaiyo, Emkay Global Financial ne Jindal Steel aur Power (JINDALST) ko seedha 'Buy' rating de di hai! Aur target bhi set kar diya hai **₹1,400** ka. Ye sab Q4 mein company ke zabardast performance ke baad hua hai, jismein unka EBITDA expectations se zyada nikla.

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Emkay Global Financial ne Jindal Steel aur Power (JINDALST) par bharosa dikhate hue 'Buy' rating di hai aur target rakha hai ₹1,400 ka. Ye decision Q4 ke strong results ke baad aaya hai.

Company ne is quarter mein adjusted EBITDA ₹26.5 billion kamaya hai, jo expectations se kaafi upar hai. Iska credit jata hai higher foreign exchange gains aur behtar Net Sales Realization (NSR) ko. Production 2.7 million tonnes aur sales 2.6 million tonnes par solid rahi, aur EBITDA per tonne bhi badh kar ₹10,103 ho gaya. Haan, Australia mein assets par ₹8.3 billion ka ek bada impairment charge tha jisne reported PAT ko thoda neeche khincha, par overall picture kaafi positive hai.

Ab company apna focus badha rahi hai value-added products par. FY26 tak long products ka share 51% se kam karke FY28 tak 30% karne ka goal hai, jabki flat products ka share 70% ho jayega. Isse selling prices bhi badhengi. Plus, jo naya slurry pipeline aa raha hai, usse ₹750-1,000 per tonne ki cost savings ki ummeed hai. Emkay analyst toh expect kar rahe hain ki FY28 tak EBITDA per tonne ₹14,500 tak ja sakta hai. Isi strategic shift aur operational performance par Emkay ne apna 'Buy' call build kiya hai.

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Disclaimer:This content is for educational and informational purposes only and does not constitute investment, financial, or trading advice, nor a recommendation to buy or sell any securities. Readers should consult a SEBI-registered advisor before making investment decisions, as markets involve risk and past performance does not guarantee future results. The publisher and authors accept no liability for any losses. Some content may be AI-generated and may contain errors; accuracy and completeness are not guaranteed. Views expressed do not reflect the publication’s editorial stance.