BUZZ-India's Jindal Stainless up as volume-led growth drives Q2 profit surge
Reuters
Nov 11
BUZZ-India's Jindal Stainless up as volume-led growth drives <a href="https://laohu8.com/S/QTWO">Q2</a> profit surge
** Shares of Jindal Stainless JIST.NS rise as much as 4.5% to 755 rupees
** Steel maker posted a 32.6% rise in Q2 profit, on strong growth in volumes driven by improved domestic demand conditions
** Net revenue rose 11.4% y/y
** Jefferies ("Buy", TP: 900 rupees) says domestic volumes were boosted by strong demand in autos, white goods, metro projects, industrial pipes and tubes
** JIST shares are up 5.1% in 2025 so far
(Reporting by Yagnoseni Das in Bengaluru)
((Yagnoseni.Das@thomsonreuters.com;))
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