Analyst Consensus (1 calls)
Jindal Stainless [JINDALSTEL] has reported a significant 42.7% increase in its net profit for the fourth quarter, driven by robust domestic demand for its stainless steel products and healthy revenue growth. The company continues its expansion despite market challenges.
Jindal Steel [JINDALSTEL] has reported a strong financial turnaround for Q4 FY26, posting a net profit of ₹1,045 crore, a significant reversal from the previous year's loss, driven by a 23% surge in revenue.
Global brokerage HSBC has initiated 'Buy' coverage on JSW Steel and Jindal Stainless, while reiterating its 'Buy' call on Tata Steel, citing a multi-year demand upcycle for the Indian steel sector driven by infrastructure and urbanization.
Indian equities are showing renewed momentum, with the Nifty index poised to challenge the 24,800 level. Amidst broad-based buying, expert Vinay Rajani has highlighted Jindal Steel & Power [JINDALSTEL] and NMDC [NMDC] as top investment opportunities within the robust steel and metals sector.