India's Jindal Stainless gains as Jefferies starts with "buy"

Jindal Stainless

29/05/2025 05:15

** India's Jindal Stainless JIST.NS climbs 2.4% to 662 rupees

** Jefferies initiates coverage on co with "buy" rating, PT of 800 rupees

** JIST continues to enjoy steady growth for stainless steel in India, says Jefferies

** Adds, while Chinese imports amid weak global demnd pose near term risks, any anti-dumping duties in India and a potential global demand recovery will counter the impact

** JIST among nine stocks on 15-member metals index .NIFTYMET rated "buy" or higher

** Stock trims YTD losses to 5.3% vs metals index's 7.6% climb

 (Reporting by Kashish Tandon in Bengaluru)

 ((Kashish.tandon@thomsonreuters.com))