Jindal Stainless shares slip 5%; stock nears 52-week low in firm market

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Jindal Stainless shares slip 5%; stock nears 52-week low in firm market - Business Standard

Quick Summary:

In the first nine months (April to December) of the financial year 2024-25 (9MFY25), JSL reported a 12.9 per cent year-on-year (YoY) drop in its consolidated profit after tax at ₹1,910 crore.

The company’s product range includes stainless steel slabs, blooms, coils, plates, sheets, precision strips, wire rods, rebars, blade steel and coin blanks.

With India still being the fastest growing major economy globally, the domestic industry needs immediate government measures to stop dumping of surplus quantities into India, and circumvention of quality norms through several FTA countries, the management said.