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Jindal Stainless Q4 Results: Co posts quarterly profit jump on strong domestic demand
Jindal Stainless has seen a significant profit increase of 42.7 percent in its fourth quarter. This growth is attributed to robust domestic demand for its stainless steel products. The company's net revenue also saw a healthy rise. Despite challenges like fuel shortages and shipping delays, Jindal Stainless is expanding its production capacity.
Jindal Saw Q4 results | Profit slides 52%; board recommends ₹2 dividend
The iron & steel pipes manufacturer's revenue fell 8% to ₹4,633.5 crore from ₹5,046.6 crore; EBITDA and margins saw steep dips. Ahead of the results, shares of Jindal Saw ended at ₹245.50 on the NSE on April 27, up 2.41% on the day.
Aluminium prices may hit $3,500; Vedanta remains top pick: ICICI Securities
Vikash Singh, Vice President at ICICI Securities, says the long-term outlook for aluminium also remains strong, with prices estimated near $2,950. While Nalco benefits more directly from higher aluminium prices, Vedanta remains his preferred stock. Ductile iron (DI) pipe makers such as Electrosteel Castings and Jindal Saw could also benefit from the Jal Jeevan Mission.
Adani Total Gas, Stove Kraft among 30 stocks that surged up to 20% despite Rs 6 lakh crore wealth wipeout
Despite a sharp market downturn, select gas and water-related stocks delivered strong gains. Adani Total Gas hit the upper circuit on policy support, while Jindal SAW surged after the Jal Jeevan Mission extension, lifting several allied companies even as broader indices like BSE Sensex and Nifty50 fell.