India's Jindal Stainless gains on quarterly profit rise

Jindal Stainless

22/01/2026 04:20

** Shares of Jindal Stainless JIST.NS rise 4.4% to 783.2 rupees

** The steel maker posted 26.6% rise in Q3 profit to 8.28 billion rupees; net revenue rose 6.2% to 105.18 billion rupees

** Jefferies says JIST's domestic volumes rose a strong 14% YOY, boosted by good demand in autos and elevators; demand in railways, process industries, and pipes & tubes remain healthy

** The average rating of 12 analysts tracking JIST is "buy"; the median price target is 828 rupees, per data compiled by LSEG

** JIST rose 20% in 2025

 (Reporting by Brijesh Patel in Bengaluru)

 ((Brijesh.Patel1@thomsonreuters.com; Ph no. +91 9590227221;))