{"id":113582,"date":"2023-11-11T18:00:00","date_gmt":"2023-11-11T12:30:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=113582"},"modified":"2023-11-10T17:22:53","modified_gmt":"2023-11-10T11:52:53","slug":"metal-stock-with-60-market-share-in-the-stainless-steel-industry-to-keep-an-eye-on","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/metal-stock-with-60-market-share-in-the-stainless-steel-industry-to-keep-an-eye-on\/","title":{"rendered":"Metal stock with 60% market share in the Stainless Steel Industry to keep an eye on\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2191977907\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>The company is one of India&#8217;s leading makers of stainless steel flat products in Austenitic, Ferritic, Martensitic, and Duplex grades, which are used in industries such as automobiles, railways, construction, and consumer goods.\u00a0<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-4074332444\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p><strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/JSL\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Jindal Stainless Ltd&#8217;s<\/a><\/strong> product range includes stainless steel slabs, blooms, coils, plates, sheets, precision strips, blade steel, and coin blanks.\u00a0<\/p><p>The company belongs to the Mid-cap category with a market capitalization of Rs 39,080 crores. On November 10, the company shares closed at Rs 474.60 apiece.&nbsp;<\/p><p>Jindal Stainless is India&#8217;s largest fully integrated stainless steel company, having a stainless steel capacity of around 3 million tonnes per annum.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-3610658767\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p><strong>Jindal Stainless enjoys an impressive domestic market share of 60% in the stainless steel industry and is a major player in the Southeast Asian market. It caters to various industries such as Automobiles, Utensil Pipes and Tubes, Palm Oil, etc.&nbsp;<\/strong><\/p><p>The company has built the Largest Integrated stainless steel plant in India with a melting capacity of 1.8 million tons per year. Jindal Stainless produces more than 50 grades of stainless steel including special products like Razor Blade Steel, Coin Blanks, and Precision strips with a global presence in 65 countries.&nbsp;<\/p><p>Jindal Stainless had an annual turnover of around Rs 360 bn (US $4.30 billion) in FY23 and is ramping up its facilities to reach 2.9 million tonnes of annual melt capacity in FY24. The company has two stainless steel manufacturing facilities in India, in the states of Odisha and Haryana, as well as an overseas unit in Indonesia.&nbsp;<\/p><p>The company shares have gained a return of 59 percent in the last six months and 193 percent in a year.\u00a0The revenue of Jindal Stainless Ltd has increased by 75 percent year on year, from Rs 5,604 crore in Q1FY23 to Rs 9,797 crore in Q1FY24. During the same period, net profit increased by 400 percent, from Rs 151 crore to Rs 756 crore.\u00a0<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Omkar Chitnis&nbsp;<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-928731643\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>The company is one of India&#8217;s leading makers of stainless steel flat products in Austenitic, Ferritic, Martensitic, and Duplex grades, which are used in industries such as automobiles, railways, construction, and consumer goods.\u00a0 Jindal Stainless Ltd&#8217;s product range includes stainless steel slabs, blooms, coils, plates, sheets, precision strips, blade steel, and coin blanks.\u00a0 The company [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":20429,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[9282,14285,8821,948,936],"class_list":["post-113582","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-jindal-stainless-latest-news","tag-jindal-stainless-market-share","tag-jindal-stainless-share-price","tag-stock-market","tag-stock-market-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - 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