Most brokerage firms have raised the target price for shares of Jindal Steel and Power by 8-18% while retaining their ‘buy’ rating on the stock, which fell 5.2% to ₹662.25 on Monday. Jindal Steel’s operating profit surpassed estimates helped by lower raw material costs and other operational efficiencies, while its debt levels fell to a 15-year low even after the company spent nearly ₹1,900 crore on capital expenditure during the quarter.
Molbio Diagnostics shares rally 9% as Jefferies initiates ‘high conviction top pick’ call for recently listed stock. Why is it bullish?
Molbio Diagnostics shares jumped after Jefferies initiated coverage with a Buy rating and named it a high-conviction top pick. The brokerage set a Rs 1,600
September 30, 2026