JSPL offers good opportunity for long-term investors, say analysts

Raising capacity at Angul steel plant leading to strong volume growth

Ujjval Jauhari 

Jindal Steel and Power (JSPL) has been in news recently, and for good reason. The most recent are the strong steel production and sales figures for the June quarter.

A few days back, its power segment also received a ratings upgrade. Following these developments and an 18 per cent correction in its share price since record levels hit in January, analysts believe it offers a good opportunity for long-term investors. ALSO READ: Jindal Steel's units in South Africa file for bankruptcy protection To being with, JSPL on Tuesday said steel sales jumped 46 per cent year on ...

Note: Subscription will be auto renewed, you may cancel any time in the future without any questions asked.

Total Amount
Rs. 149.00
Requires personal information

What you get?

ON BUSINESS STANDARD DIGITAL

  • Unlimited access to all the content on any device through browser or app.
  • Exclusive content, features, opinions and comment – hand-picked by our editors, just for you.
  • Pick 5 of your favourite companies. Get a daily email with all the news updates on them.
  • Track the industry of your choice with a daily newsletter specific to that industry.
  • Stay on top of your investments. Track stock prices in your portfolio.
  • 18 years of archival data.
  • Requires you to share personal information like date of birth, income, location amongst other fields. This information alongwith your contact information will be shared with the partners associated with this program, who contribute towards subsidizing the offer. By subscribing to this product you acknowledge and accept that our Partners may choose to contact you with offers of their products and services.
  • This is an optional offer - Not comfortable with sharing personal data - please opt for the full price offer which requires you to share minimal information
First Published: Wed, July 04 2018. 22:31 IST