Jindal Steel shares slip post earnings, but analysts maintain positive view
Jindal Steel and Power's stock price falls sharply after weak earnings for the March quarter. However, analysts maintain their positive view for the company, given its strong balance sheet and prospects of improvement in profitability over the medium term. The company plans to raise its production capacity to nearly 16 million tonne by 2024-25 (Apr-Mar) from 9 million tonne currently to strengthen its foothold in flat steel products. Multiple growth and margin accretion projects, which are scheduled to commission in the next
Disclaimer : Mytimesnow (MTN) lets you explore worldwide viral news just by analyzing social media trends. Tap read more at source for full news. The inclusion of any links does not necessarily imply any endorsement of the views expressed within them.
