Prabhudas Lilladher initiates buy on Jindal Stainless; target Rs 867
Prabhudas Lilladher has a buy stance on Jindal Stainless and set a target price of Rs 867, citing views on growth strategy including domestic stainless steel penetration and downstream capacity additions.
Prabhudas Lilladher's research report on Jindal StainlessWe recently interacted with the management of Jindal Stainless (JDSL) to understand its growth strategy.
With rising domestic stainless steel (SS) penetration, upcoming downstream capacity addition, raw-material security from Indonesian JVs a…