THIS Jindal Stock Surges 5% In Month After Motilal Oswal Coverage; More Steam Left? Check Latest Target Price

Jindal Stainless Share Price: Shares of Jindal Stainless have surged by more than 5% in one month amid positive sentiment around its stable growth, cost-saving initiatives, and expansion projects. Based on these aspects, Motilal Oswal revised its long-term Jindal Stainless share price target.

Underlining Jindal Stainless (JSL) share price value surged significantly after Motilal Oswal initiated coverage for the stock, noted the brokerage in its June 17 report adding that the stock may still give better returns in the near long-term.

Jindal Stainless shares were trading under pressure on Tuesday. The company scrip was trading 0.86% lower at Rs 695 per share on BSE at 12 pm. The company stock value has surged around 5% in one month.

Jindal Stainless Target Price

The brokerage has maintained a positive stance on Jindal Stainless stock and revised its target price and indicating an upside of 15%. Jindal Stainless target price was fixed at Rs 810 per share.

"We initiated coverage on Jindal Stainless (JSL) on 13th May'25 at a price of INR610 for a target price of INR770. The stock has gained 20% after our report in one month and we believe there is further steam left. The company's expansion projects and cost-saving initiatives would ensure stable earnings growth ahead. We retain our positive stance on the stock with a TP of INR810," noted Motilal Oswal in its report on Tuesday.

"At CMP, the stock trades at 9.6x EV/EBITDA and 2.5x P/BV on FY27E. We maintain our BUY rating with a revised TP of INR810 (premised on 11x FY27E EV/EBITDA)," the report added.

Jindal Stainless Share Price Trend

The company scrip value has surged 4.38% in one month and by 7.8% in three months. However, the stock value has declined around 0.67% year to date (YTD). The stock touched its 52-week-low mark of Rs 497 apiece on BSE on 7 April, 2025. JSL stock surged to its 52-week-high mark of Rs 848 per share on BSE on 7 July, 2024.

Jindal Stainless Growth Prospects

The company is significantly investing in its capacity expansion and enhancing downstream operations and diversifying its product mix. The company is planning to expand its steel metal projects in Indonesia, Jajpur and other locations.

As India's stainless steel industry is set to expand to 12.5-20 mt by 2047, JSL may play a crucial growth in the industry development. The company may also benefit significantly from the growing industry.

"We believe JSL is well placed to realize this robust demand outlook, with higher VAP supporting margins. From being solely a flat SS producer to a diversified long SS player, JSL has expanded into rebar, wire rods, and others, unlocking significant infrastructure opportunities. Additionally, its focus on value-added CR SS has strengthened its position in both domestic and export markets." brokerage added in its report.

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