Kotak Securities is bullish on Jindal Stainless (Hisar) has recommended buy rating on the stock with a target price of Rs 318 in its research report dated May 02, 2018.
Kotak Securities's research report on Jindal Stainless (Hisar)
JSHL's Q4FY18 standalone numbers were below our estimates, due to lower than expected realisation. The volume during the quarter continues to remain strong. FY18 consolidated PAT doubled to Rs5.91 bn, supported by strong performance in standalone operations and improved performance from Jindal Stainless Steelway (JSSL) and Jindal Lifestyle (JLL).
Outlook
We continue to maintain our BUY rating, with an unchanged target price of Rs318.
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