India's Jindal Stainless rises after company announces capacity addition

Jindal Stainless

25/03/2026 05:11

** Shares of Indian stainless steel manufacturer Jindal Stainless JIST.NS rise 2.64% to 735.70 rupees

** Co commissions stainless steel melt shop in Indonesia, adding 1.2 MTPA capacity

** 9 analysts rate JIST as "buy" or "strong buy" while 3 rate it as "hold"; median PT is 860.50 rupees - LSEG data

** YTD, stock down ~12.3%

 (Reporting by Abhirami G in Bengaluru)

 ((abhirami.g@thomsonreuters.com))