Know in which stock you can get 34 percent return on investment!

Jindal Steel & Power Update: It is being advised to buy the shares of Naveen Jindal Group company Jindal Steel & Power (JSPL). Domestic research and brokerage firm Motilal Oswal has asked investors to buy shares of Jindal Steel & Power. According to Motilal Oswal, investors can get a return of 34 percent from the current level on investment in JSPL.

Expected improvement in the financial performance of the company

On Tuesday, the stock of Jindal Steel & Power is trading at Rs 366.50 per share with a rise of 2.70 per cent. Motilal Oswal has said that there is a structural change in the EBITDA margin of the company. The report said that a permanent EBITDA margin, which is a performance metric that measures the company’s profitability along with operations, could see an improvement of Rs 2,000-2,500 per tonne over the previous cycle average.

The company will be debt free by 2023

According to the report of Motilal Oswal, in the near term, weakness in the steel market will remain. But in the long term, the company has decided to make itself debt free by 2023, which is very positive for the company. Due to these reasons, it has been advised to buy the shares of Jindal Steel & Power.

Rapid price advantage

Prices are expected to rise in the fourth quarter of this financial year due to increase in demand coupled with completion of unfinished projects. However, the brokerage high has cited the new variant of Corona Omicron as a cause for concern as due to this, if the outbreak of the virus increases, then consumption may come down.

Disclaimer: The information provided here is being given for informational purposes only. It is important to mention here that investing in the market is subject to market risks. Always consult an expert before investing money as an investor. It is never advised to invest any money from here.

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