India's Jindal Stainless rises after strong quarterly earnings, positive FY26 outlook

Jindal Stainless

09/05/2025 07:17

** Shares of Jindal Stainless JIST.NS climbs 0.64% to 592 rupees

** JIST is second biggest gainer on the 15-member Nifty metal index .NIFTYMET, which is down 0.34%

** Steelmaker reported 18% y/y rise in Q4 consol PAT, net rev grew 8%

** Co said it is expecting exports volumes in FY26 to rise by 30% y/y; overall sales volume growth is expected to be 9%-10% in FY26

** Stock rated "strong buy" on avg, median PT is 783 rupees - data compiled by LSEG

** Year-to-date, stock down ~15% vs ~3% drop in .NIFTYMET

 (Reporting by Manvi Pant in Bengaluru)

 ((Manvi.Pant@thomsonreuters.com; +918447554364;))