India's Jindal Stainless up as volume-led growth drives Q2 profit surge

Jindal Stainless

11/11/2025 04:29

** Shares of Jindal Stainless JIST.NS rise as much as 4.5% to 755 rupees

** Steel maker posted a 32.6% rise in Q2 profit, on strong growth in volumes driven by improved domestic demand conditions

** Net revenue rose 11.4% y/y

** Jefferies ("Buy", TP: 900 rupees) says domestic volumes were boosted by strong demand in autos, white goods, metro projects, industrial pipes and tubes

** JIST shares are up 5.1% in 2025 so far

 (Reporting by Yagnoseni Das in Bengaluru)

 ((Yagnoseni.Das@thomsonreuters.com;))