Jindal Steel Ltd Share Price

Jindal Steel Eyes Growth with Capacity Expansion

Jindal Steel is focusing on scaling up production after expanding its steelmaking capacity to around 15.6 million tonnes. The company is targeting FY27 steel sales of 10.5–11 million tonnes as new capacity ramps up. The company expects production to improve from September as operational disruptions ease. It is also focusing on increasing the share of value-added steel products, which could support realizations and improve profitability. Jindal Steel reported Q1 FY27 revenue of ₹15,482 crore, up 25.9% YoY, while operating profit stood at ₹2,660 crore. The sequential improvement in operating profit reflects stronger operating performance despite pressure on margins. With higher capacity utilization, rising production and greater focus on value-added products, Jindal Steel has improving growth visibility. Investors, however, will closely monitor steel prices, coking coal costs and the pace of capacity ramp-up.

See More

Jindal Steel Ltd helped by a ₹7,500/tonne increase

reported Q1 FY27 consolidated profit after tax of ₹844 crore, up roughly 35% year-on-year, helped by a ₹7,500/tonne increase in average selling price that more than offset volume dips from maintenance shutdowns. The company has appointed Vidya Rattan Sharma as Managing Director and Sandeep Modi as CFO, with the new leadership emphasising a shift away from pure commodity volumes toward a richer product mix and better realisations. Management reiterated a medium-term capacity target of 15.6 million tonnes, supported by ramp-up at Angul and cost-control initiatives; net debt stood at about ₹15,927 crore with a debt-to-EBITDA ratio near 1.7x. On the regulatory front, Jindal Steel received an Odisha VAT/GST order disallowing some input-tax credit and imposing a penalty, but said the impact is immaterial and plans to appeal. The stock was trading around ₹1,157–₹1,165, with a market capitalisation of roughly ₹1.19 lakh crore.

See More

Jindal Steel – Technical View, Support and Resistance

The stock

is showing a positive short-term recovery after finding support near the 1020–1040 zone. The stock has formed higher lows from the July bottom and has moved back toward the 1160–1180 area. The recent price structure remains positive but the stock is now approaching an important resistance zone. Support & Resistance: Immediate support is placed around 1120–1100 followed by 1040–1020. On the upside, 1180–1200 is the immediate resistance zone. A sustained breakout above this zone can improve the price structure further, while the previous swing-high area around 1280–1300 remains a major resistance zone. Short-Term Buyers/Holders: Buyers can remain positive while the stock holds above 1100–1120. A decisive breakout above 1200 would indicate stronger momentum. Holders can monitor the stock for continuation toward higher resistance levels. A breakdown below 1100 can weaken the current recovery structure.

See More

Fundamental & Technical Outlook of JINDAL STEEL

Fundamental Outlook Jindal Steel Ltd. (

) is a leading integrated steel producer with a diversified portfolio of flat and long steel products, increasingly focused on value-added steel, which contributed around 64% of revenue in FY24. With 9.6 MTPA liquid steel and 7.25 MTPA finished steel capacity, the company is pursuing a ₹31,000 crore expansion targeting 15.9 MTPA liquid steel and 13.75 MTPA finished steel capacity, supported by raw-material integration and renewable-energy initiatives. While moderate leverage at 0.44x debt-to-equity provides financial flexibility, current returns remain subdued at 8.2% ROE and 9.7% ROCE. At 38.6x P/E versus 17x for the industry, valuation remains demanding, making capacity ramp-up, execution and margin improvement key to the investment case. Technical Outlook Daily: Strong recovery from ₹1,020–1,050 with higher highs and higher lows. Price at ₹1,177 is approaching ₹1,200–1,220 resistance; a breakout with volume can target ₹1,280–1,300. Weekly: Structure remains bullish, with the rising trendline holding well. ₹1,120–1,140 is the immediate support, while ₹1,200–1,300 remains the major supply zone. Monthly: Long-term trend remains positive within the ascending channel. A decisive breakout above ₹1,300 would strengthen the setup and could open ₹1,400+. Overall: Bullish bias, but avoid chasing near resistance. Better risk-reward lies around ₹1,120–1,160 or on a confirmed ₹1,220 breakout. I have attached the equity research report of JINDALSTEL for your reference below.

See More

JINDALSTEEL : closed on 21.08.2026 at 1127.80

DHARMESH BHATT (SEBI Regi. Research Analyst - (INH000009685)

JINDLSTEEL CLOSE on 21.08.2026 : 1127.80 Strategy : Buy at dip Stock has formed Cup and Handle formation on Daily chart , stock having support near 1080-1090 , we may see as accumulation if price come to this level , which may support to pull back the price towards 1150-1160 gradually . Moreover, over all metal sector is in rebound mode that is major metal stock has been witnessed accumulation on lower side , that is stable to positive bias , which may also suppport to sustain stock on positive side. over all positve bias with volume buildup gradually , may result in price of stock to remain upper side even after some dip in prices face by stock .

See More

India’s 40-Year Mineral Tax Battle Has Reached a Turning Point

For almost 40 years, India fought over one simple question: Is royalty a tax? In 1989, the Supreme Court said yes. In 2004, another bench disagreed. Then, in 2024, a 9-judge Constitution Bench settled it: royalty is not a tax, and states can tax mineral rights and mineral-bearing land. But the story didn’t end there. In August 2026, Parliament passed the MMDR Amendment Bill, 2026, restricting states from imposing new taxes, cesses or levies on mineral rights and mineral-bearing land unless conditions prescribed by the Centre are met. The move aims to create a more uniform mining-tax framework. Why does this matter for investors? Think of a mining company like a truck carrying minerals. Every additional state-level charge is another toll on that truck. Fewer unpredictable tolls can mean: better cost visibility → easier planning → potentially better margins. ⛏️ Coal India

⛏️ NMDC ⛏️ Vedanta ⛏️ Hindustan Zinc ⛏️ Hindalco Industries ⛏️ National Aluminium Company (NALCO) ⛏️ Tata Steel ⛏️ JSW Steel ⛏️ Jindal Steel ⛏️ SAIL These companies have meaningful exposure to mining, metals or mineral-linked operations. The actual benefit will differ by company depending on its assets, geography, existing tax exposure and commodity prices. The bigger lesson: A legal change can quietly change the economics of an entire industry. Investors should not ask only, “Which stock benefits?” Ask: “Where does the money flow after the rule changes?” Policy changes can reshape industry economics, so investors should study regulation, cost structures, cash flows and company-specific exposure before forming a view.

See More