Jindal Stainless stock hits all-time high at Rs 840, potential to reach Rs 950.

From Business Today.: 2024-06-13 01:36:57

Shares of Jindal Stainless hit an all-time high at Rs 840, with a market cap of Rs 67,000 crore. The stock has gained 654% in two years and 672% in three years. Despite a 30% drop in Q4 net profit, the board recommended a final dividend of Rs 2 per equity share for FY 2023-24. ICICI Securities maintains a buy call on the stock, expecting volume growth from recent capex and collaboration with Tsingshan. The brokerage has a target price of Rs 955.



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