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

Shares of Jindal Steel and Power (JSPL) are up more than 19 per cent over the past two days,  following its better-than-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 the use of cheaper coal from captive Sarda mines. This trend is expected to continue. Better steel realisations, both in India and Oman, helped. Steel price hikes in India (prior to the lockdown) and focus on value-added products (rails, specialty plates) improved realisations. Thus, despite lo.....

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