** Shares of Jindal Steel and Power jump as much as 6.72% to 622.75 rupees, highest in nearly 11 years
** JNSP on track for best day in over a month
** Motilal Oswal analysts maintain JNSP as top pick with PT 700 rupees, says co getting lot of export enquiries, first reported by
Reuters
** Analysts at Kotak Institutional Equities expect margin
recovery in Q4 to be driven by higher prices of finished
products and internal cash flows to meet growth capex
** Growth visibility from expansion and ramping-up of
captive coal mines in FY24-25 suggest favourability in long-run
- Kotak note
** More than 6.38 mln shares change hands as of 2:57 p.m.
IST, almost twice the 30-day average of 3.37 mln shares
** Fifteen of 24 brokerages rate stock "buy" or higher, 3 "hold" and 6 "sell" or lower; median PT is 560 rupees - Refinitiv data
** Stock rose ~54% in 2022 marking four consecutive years of gaining (Reporting by Hritam Mukherjee in Bengaluru)
