Jindal Steel & Power with its power capacities, targeted management actions is this week's stock pick
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Favourable macro-economic environment and targeted management actions are helping recovery.
Synopsis
Jindal Power has underutilised power capacities and this will help to boost its profitability once the economy picks up and power demand recovers. Reduction in consolidated debt is another factor that has made it a favourite of analysts.
By Narendra Nathan, ET Bureau
4 mins read, Last Updated:
Despite the recent stock price rally, analysts continue to be bullish on Jindal Steel & Power (JSPL) for various reasons. It has clearly demonstrated turnaround signs in the second quarter of 2020-21. The company was able to report its highest ever consolidated quarterly Ebitda (earnings before interest, tax, depreciation and amortisations) of Rs 2,700 crore, up by 78% y-o-y. Its reported net profit for the second quarter was Rs 903 crore,
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