Arun Kumar of Reliance Securities has a sell call on Jindal Steel & Power Ltd. with a target price of Rs 160.0 . The current price of Jindal Steel & Power Ltd. is Rs 180.5 . Arun Kumar recommended to keep a stoploss at Rs 188 .
Jindal Steel & Power Ltd., incorporated in the year 1979, is a Large Cap company (having a market cap of Rs 18232.79 Crore) operating in Metals – Ferrous sector.
Jindal Steel & Power Ltd. key Products/Revenue Segments include Iron & Steel Items which contributed Rs 27578.86 Crore to Sales Value (98.97 % of Total Sales), Other Operating Revenue which contributed Rs 205.06 Crore to Sales Value (0.73 % of Total Sales), Export Incentives which contributed Rs 61.91 Crore to Sales Value (0.22 % of Total Sales) and Scrap which contributed Rs 17.50 Crore to Sales Value (0.06 % of Total Sales)for the year ending 31-Mar-2019.
For the quarter ended 31-12-2019, the company has reported a Consolidated sales of Rs 9299.78 Crore, up 4.03 % from last quarter Sales of Rs 8939.47 Crore and down -1.43 % from last year same quarter Sales of Rs 9434.98 Crore Company has reported net profit after tax of Rs -218.57 Crore in latest quarter.
The company’s top management includes Mr.Anjan Barua, Mr.Arun Kumar Purwar, Mr.D K Saraogi, Mr.Hardip Singh Wirk, Mr.Naveen Jindal, Mr.R V Shahi, Mr.Sudershan K Garg, Mr.V R Sharma, Mrs.Aruna Sharma, Mrs.Savitri Jindal, Mrs.Shallu Jindal. Company has Lodha & Co. as its auditoRs As on 31-12-2019, the company has a total of 1,020,015,971 shares outstanding.
Source: Economic Times
