Edelweiss Financial Services's Stock Idea
Edelweiss Financial Services is Bullish on Jindal Stainless Ltd.
Idea Submitted on 26Sep,2018
  • 110 Total Ideas
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  • 110 Closed Ideas
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      Buy Jindal Stainless Idea
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      Idea Status :  Closed
    Stop Loss Triggered
    Idea Closed at 35.5 (06Dec,18 09:26:am)
     Time Frame
     Start Price
     Target Price
     Stop Loss
     Projected Gain
    40.65 (68.49% Upside)
     Returns Achieved
    -23.85     -40.19%

    We are upbeat on JSL as it is the only domestic player augmenting capacity in the near term, which should enable it to exploit traction in the value-added automotive and railways segments. On a risk-reward matrix, JSL is better placed than peers. At current price, the stock is trading at 3.8x FY20E EBITDA. Maintain ‘BUY/SO’ with a target price of Rs 100.

    • Stoploss not specified.(stoploss of 40% auto inserted)

    Link to Report: READ FULL REPORT

     Stock Price Movement (EOD Basis)
     C.M.P Jindal Stainless
    Buy Calls: 6 Sell Calls: 0
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