Jindal Steel & Power stock likely to double in 3 years: Kotak Institutional Equities

June 20, 2023

The brokerage has projected the stock to touch ₹1,088 by FY27, implying a compounded annual growth rate of around 26%. It has also upgraded the rating on Jindal Steel to a ‘buy’ from ‘reduce’ earlier. The stock rose 5.7% to ₹575.35 on Monday.

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