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Edelweiss maintains ‘Buy’ on Jindal Stainless, target price Rs 57

Shares of Jindal Stainless closed at Rs 41, up 4.6%.

ETMarkets.com|
Last Updated: Feb 20, 2020, 07.53 AM IST
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Edelweiss has maintained its ‘Buy’ rating on Jindal Stainless with a target price of Rs 57. The brokerage said it remains upbeat on the potential volume ramp-up at Jindal and deleveraging potential. Besides, CDR exit and OCRPS refinancing by Q3FY21 end will eliminate externalities impacting the stock performance. Shares of Jindal Stainless closed at Rs 41, up 4.6%.
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