JSPL's all-round show in Q4 leaves investors happy, analysts maintain 'buy'

Shares of Jindal Steel and Power Limited (JSPL) are up more than 19 per cent in over two days, following its all-round better-that-expected results for the March quarter (Q4). This was enabled by continued benefits from expanded steel capacities at Angul (leading to economies of scale) and increasing use of cheaper coal from captive Sarda mines. And, this trend is expected to continue. Better steel realisations, both in India and Oman, too, helped. Steel price hikes in India (prior to lockdown) and focus on value-added products (rails, specialty plates) improved realisations. Thus, desp.....

Business Standard is now on Telegram.
For insightful reports and views on business, markets, politics and other issues, subscribe to our official Telegram channel
Key stories on business-standard.com are available to premium subscribers only.

Already a premium subscriber?

Subscribe to get an across device (Website, Mobile Web, Iphone, Ipad, and Android Phone applications) access to Premium content, Breaking News alerts, Industry Newsletters, Stock and Corporate news alerts, access to Archives and a lot more.