Jindal Steel & Power Ltd News
Promoter group firms have fully repaid loan against shares, says JSPL
Companies are part of Naveen Jindal group, which is following a deleveraging strategy
 "Promoter group firms have fully repaid loan against shares, says JSPL")
Metal index tops the rank of worst performers in Feb, rebound may not hold
Hindustan Copper and Vedanta may fall up to 19 per cent due to their weak chart structures.
 "Metal index tops the rank of worst performers in Feb, rebound may not hold")
Jindal Steel & Power net profit down 68 per cent to Rs 518.67 crore
Revenue from operations on a consolidated basis at Rs 12,452.44 crore declined by 0.57 per cent over the same period last year
 "Jindal Steel & Power net profit down 68 per cent to Rs 518.67 crore")
Metals eye up to 15% gain amid China reopening, likely capex push in Budget
Over half of the stocks in Nifty Metal Index are trading with a bullish sentiment ahead of Budget 2023,
 "Metals eye up to 15% gain amid China reopening, likely capex push in Budget")
Jindal Steel & Power up 2%, hits over 10-month high in a choppy market
Monnet Power Assets, once operational, will provide an opportunity for the company to improve the heat rate, resulting in lower usage of coal in the power plant, said ICICI Securities in its report.
 "Jindal Steel & Power up 2%, hits over 10-month high in a choppy market")
Stocks to Watch: TCS, Paytm, PTC, Lodha, Heritage Foods, Electronics Mart
Stocks to Watch: TCS and other IT stocks in focus, as the Tata Group IT major will be reporting its Q3 earnings on Monday.
 "Stocks to Watch: TCS, Paytm, PTC, Lodha, Heritage Foods, Electronics Mart")
Jefferies turns 'positive' on Indian metals on easing Covid curbs in China
The change in stance comes after almost a year of cautionary view. The Nifty Metal index advanced over 2 per cent while shares of Tata Steel surged nearly 6 per cent
 "Jefferies turns 'positive' on Indian metals on easing Covid curbs in China")
JSPL sees 'very good reason' to consider RINL, NMDC: MD Bimlendra Jha
State-owned companies marked out for divestment are attractive assets, he says in interview
 "JSPL sees 'very good reason' to consider RINL, NMDC: MD Bimlendra Jha")
Stocks to Watch: Paytm, HUL, ICICI Bank, HDFC Bank, Jindal Steel, Pharma
Stocks to Watch Today: Shares of Paytm are likely to be in limelight as the company plans share buyback; board to meet on December 13.
 "Stocks to Watch: Paytm, HUL, ICICI Bank, HDFC Bank, Jindal Steel, Pharma")
Metal index gains over 1% as China eases Covid-19 rules; Hindalco up 4%
The reopening of the Chinese economy could brighten the outlook for global growth and commodity demand
Tata Steel, Hindalco: Golden Cross breakout can trigger bull-run in metals
The Nifty Metal index seems to be eyeing a new historic peak at 6,900-level; Thus, select stocks from this space could rally up to 15 per cent on their respective breakouts.
Roll-back of export duty on steel has no near-term earnings upside: Experts
Analysts perceive the roll-back of export duties on steel as a valuation re-rating event, rather than an earnings upgrade trigger
 "Roll-back of export duty on steel has no near-term earnings upside: Experts")
