BOM:532286

Nomura Adjusts Jindal Steel's Price Target to INR1,300 From INR1,350, Keeps at Buy

Jindal Steel (NSE:JINDALSTEL, BOM:532286) has an average rating of overweight and mean price target of 1,223.87 Indian rupees, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

ICRA Upgrades Rating on Jindal Steel's Long-term Bank Financing to AA+; Outlook Stable

ICRA upgraded its rating on Jindal Steel's (NSE:JINDALSTEL, BOM:532286) long-term bank financing to AA+ from AA, and affirmed an A1+ rating on the company's short-term bank facilities.The rating outlook is stable, according to a Monday disclosure on Indian bourses.Shares of the company rose over 2% in recent trade.

Jindal Steel CEO to Step Down

Jindal Steel's (NSE:JINDALSTEL, BSE:532286) Chief Executive Officer Gautam Malhotra will leave the company effective at the close of business on July 15, according to an exchange filing Saturday.The company did not disclose a reason for Malhotra's departure in the filing.

CARE Upgrades Rating on Jindal Steel & Power's Long-term Bank Financing to AA+; Outlook Stable

CARE Ratings upgraded its rating on Jindal Steel & Power's (NSE:JINDALSTEL, BOM:532286) long-term bank facilities to AA+ from AA, and affirmed A1+ rating on the company's short-term bank financing.The rating outlook is stable, according to a Wednesday disclosure.

Nomura Adjusts Jindal Steel & Power's Price Target to INR1,350 From INR1,280, Keeps at Buy

Jindal Steel & Power (NSE:JINDALSTEL, BOM:532286) has an average rating of overweight and mean price target of 1,270.34 Indian rupees, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

Centrum Broking Upgrades Jindal Steel & Power to Buy from Neutral; Price Target is INR1,355

Jindal Steel Swings to Profit in Fiscal Q4

Jindal Steel (NSE:JINDALSTEL, BOM:532286) returned to profit in the fiscal fourth quarter ended March 31 of 10.4 billion Indian rupees from a loss of 3.39 billion rupees a year ago.Earnings per share stood at 10.30 rupees compared with a loss per share of 3.35 rupees a year earlier, the steel manufacturer said in a filing with the Indian bourses on Friday. The EPS is higher than the 9.33 rupees estimated by analysts polled by Visible Alpha.Revenue from operations in fiscal Q4 increased to 162.2 billion rupees from 131.8 billion rupees a year ago.The company's board recommended a final dividend of 2 rupees per equity share of face value of 1 rupee each for the financial year 2025-26.