30 Oct 2025 | 3 Mins Read
Buy Jindal Steel, target Rs 1151: Prabhudas Lilladher
Flipitmoney
Jindal Steel's Q2FY26 performance was impacted by weak steel prices, 1% YoY volume growth, and a 5% QoQ drop in average NSR. Average EBITDA/t dipped to ₹10,027 due to lower steel prices negated by lower coking coal costs. Angul's commissioning is expected to drive earnings from Q4FY26, with sales volume guidance at 8.5-9mt for FY26.