Jindal Steel & Power Ltd: A Comprehensive Stock Review

13. Okt.

JINDALSTEL
Jindal Steel & Power Ltd is a significant player in the Indian steel and energy sector. With a market capitalization of ₹1,02,606 crore, the company has shown steady growth over the years, making it a stock worth monitoring.

Key Financial Indicators
Let’s take a closer look at the core financial metrics:

• Market Cap: ₹1,02,606 Cr.
  
• Current Price: ₹1,006
  
• 52-Week High/Low: ₹1,097 / ₹582
  
• Stock P/E: 18.4 – Indicates that the stock is priced at 18.4 times its earnings.
  
• Book Value: ₹434 – This represents the company's net asset value per share.
  
• Dividend Yield: 0.20% – A modest return for income-seeking investors.
  
• ROCE (Return on Capital Employed): 13.2% – Measures how efficiently the company is generating profit from its capital.
  
• ROE (Return on Equity): 14.1% – Indicates the profitability relative to shareholders’ equity.
  
• Promoter Holding: 61.2% – Strong promoter interest, with a slight increase of 0.74% in the last 3 years.
  
• Pledged Percentage: 13% – A part of promoter's holding is pledged.
  

Technical Analysis Overview
From a technical standpoint, Jindal Steel & Power Ltd is showing promising levels for those tracking its price movements.

Current Level: Rs. 1,006
Potential Upside: Watch for movements above the ₹1,015 range. This level could indicate further momentum.
On the downside, the stock may revisit:

• ₹902
  
• ₹577
  
• ₹304
  

These levels offer potential opportunities for strategic entry points based on individual preferences.

Potential Targets for Swing Trading
If the stock breaks key levels, potential targets to watch include:

• First Target: ₹1,413
  
• Second Target: ₹1,726
  
• Third Target: ₹1,943
  
• Extended Target: ₹2,236++
  

These target levels make Jindal Steel & Power Ltd an interesting candidate for swing trading.

While Jindal Steel & Power Ltd presents a solid case with favorable financials and technical signals, investors should conduct their own research before making any decisions. Given the company's strong promoter backing and reasonable P/E ratio, it could appeal to both long-term investors and swing traders.

Disclaimer: We are not SEBI-registered advisors. The information provided is for educational purposes only, and readers should take care when using it for any investment decisions.