Jindal Steel Q2FY27 EBITDA Reaches Rs 25 Billion, Beating Estimates
Consolidated EBITDA beat Nomura’s forecast by 15% and Bloomberg consensus by 11%. Nomura retained its Buy rating and Rs 1,300 target price.
Nomura has retained its Buy rating on Jindal Steel with a target price of Rs 1,300 after Q2FY27 consolidated EBITDA beat its forecast and Bloomberg consensus by 15% and 11%, respectively.Consolidated EBITDA stood at Rs 25 billion, with the beat against Nomura's estimate driven by higher-than-expect…