# JSL (JSL) — Stock analysis

> Faxioms all-in-one stock review. Canonical page: https://faxioms.com/stocks/jsl

## Current market snapshot

- Exchange: NSE
- Country: India
- Price: ₹750.75
- Change: +3.63%
- As of: 2026-09-18
- 1D return: +3.66%
- 5D return: -1.47%
- 1M return: +4.53%
- Latest complete quarter: fy27_q1

## Faxioms Analysis

_As of 2026-09-18_

### Technical Outlook

As of September 18, 2026, JSL is trading at ₹750.95, with a daily technical stance indicating a bullish trend. The daily timeframe shows the price above key moving averages like the 20-day EMA (₹735.50) and 200-day SMA (₹748.55), supported by a bullish Supertrend at ₹709.53. This aligns with the weekly timeframe, which also shows the price above its 20-day EMA (₹730.76) and 50-day SMA (₹749.73), with a bullish Supertrend at ₹679.05. However, the monthly timeframe presents a conflicting signal, with the Supertrend at ₹997.13 indicating a bearish trend, despite the price being above the 20-day EMA (₹718.95) and 20-day SMA (₹715.06).

Recent market activity includes a "Bullish Engulfing Reversal" pattern on the monthly chart and a "Doji" and "Harami" pattern on the weekly chart, suggesting potential shifts in momentum. The stock is currently trading near its nearest support level of ₹750.52, which is approximately 0.06% below the current price. The nearest resistance is observed at ₹758.33, about 0.98% above the current price. The stock's risk profile includes an annualized volatility of 34% and a current drawdown of -13%.

- Daily and weekly timeframes show bullish trends, with prices above key moving averages and Supertrend indicators.
- The monthly timeframe shows a bearish Supertrend at ₹997.13, contrasting with the shorter-term bullish signals.
- Nearest support is at ₹750.52 (0.06% below current price), and nearest resistance is at ₹758.33 (0.98% above current price).
- Active patterns include a monthly "Bullish Engulfing Reversal" and weekly "Doji" and "Harami".
- Watch for a sustained break above ₹758.33 resistance or a move below ₹750.52 support for potential trend confirmation.

- Bullish Engulfing Reversal
- Doji
- Harami
- Shooting Star

### News Context

Jindal Steel Limited (JSL) was recognized for its innovation in sustainable construction, setting a Guinness World Record for building the world's longest steel slag road. This development highlights the company's efforts in utilizing industrial by-products for infrastructure projects. Separately, a national initiative was announced for India's first 100% hydrogen-powered Direct Reduced Iron (DRI) plant, a Rs 207-crore project by CSIR-IMMT aimed at reducing carbon emissions in the steel sector. While JSL was not explicitly named as a participant in this specific pilot project, the initiative signals a broader industry push towards green steel production in India.

- Jindal Steel Limited set a Guinness World Record for constructing the world's longest steel slag road, as reported on September 12, 2026.
- India is developing its first 100% hydrogen-powered Direct Reduced Iron (DRI) plant, a Rs 207-crore national pilot project, aiming to reduce carbon emissions in the steel sector, reported September 13, 2026.

- Abakkus’ playbook in focus: Seven years without an IT large cap holding and other exceptions
- India Pioneers 100% Hydrogen DRI Plant For Green Steel
- Jindal Steel Builds Worlds Longest Steel Slag Road, Sets Guinness World Record

### What Changed

Jindal Stainless Limited (JSL) on September 17, 2026, received an unsolicited ESG rating of 'Crisil ESG 63' and a Core ESG rating of 'Crisil Core ESG 65' from Crisil ESG Ratings & Analytics. This assessment was based on publicly available information and conducted without direct company engagement. In terms of recent price movement, JSL closed at ₹750.95 on September 18, 2026, an increase from its previous closing price of ₹724.45. The company continues to be listed on the NSE.

- On September 17, 2026, Jindal Stainless Limited was assigned an ESG rating of 'Crisil ESG 63' and a Core ESG rating of 'Crisil Core ESG 65' by Crisil ESG Ratings & Analytics, based on publicly available information.
- The ESG rating assessment by Crisil was conducted independently, without direct involvement or engagement from Jindal Stainless Limited.
- Jindal Stainless Limited's stock closed at ₹750.95 on September 18, 2026.
- The closing price on September 18, 2026 (₹750.95) represents an increase from the previous closing price of ₹724.45.
- The company remains listed on the NSE.

- Jindal Stainless Limited has informed the Exchange about ESG Rating |SUBJECT: General Updates

### Official Filings

Jindal Stainless Limited (JSL) has recently disclosed several updates relevant to investors. On September 7, 2026, the company announced a Technical Assistance Agreement with Japan's JFE Steel Corporation. This collaboration focuses on enhancing product quality and manufacturing practices for specific ferritic stainless steel grades, aiming to improve process efficiency and support growth in sectors like automotive, infrastructure, and railways. JSL reported a turnover of ₹42,955 crore for FY26 and a melt capacity of 4.2 million tonnes.

In terms of governance and shareholder returns, JSL held its 46th Annual General Meeting on September 2, 2026. Shareholders approved the audited financial statements for the fiscal year ended March 31, 2026, and declared a final dividend of ₹3 per equity share. The re-appointment of Mr. Ratan Jindal as Chairman & Managing Director received strong support, with 93.40% of votes in favor. Additionally, the company is transitioning to a digital-first model for supplier management, integrating ESG risk intelligence using SAP Ariba Supplier Risk, as announced on September 9, 2026. This initiative aims to enhance supply chain resilience and responsible sourcing.

Separately, on September 17, 2026, JSL disclosed an independent ESG rating of 'Crisil ESG 63' and a Core ESG rating of 'Crisil Core ESG 65' from Crisil ESG Ratings & Analytics. The company noted this assessment was conducted without its direct involvement.

- On September 7, 2026, Jindal Stainless announced a Technical Assistance Agreement with JFE Steel Corporation to improve ferritic stainless steel grades.
- The company's 46th Annual General Meeting on September 2, 2026, approved the FY26 financial statements and declared a final dividend of ₹3 per equity share.
- Mr. Ratan Jindal was re-appointed as Chairman & Managing Director with 93.40% shareholder support.
- On September 9, 2026, Jindal Stainless announced the integration of ESG risk intelligence into its supplier management system.
- On September 17, 2026, Jindal Stainless disclosed an independent ESG rating of 'Crisil ESG 63' and a Core ESG rating of 'Crisil Core ESG 65'.

- Jindal Stainless Limited has informed the Exchange about ESG Rating |SUBJECT: General Updates
- Jindal Stainless Limited has informed the Exchange about Schedule of meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates
- Jindal Stainless Limited has informed the Exchange regarding a press release dated September 09, 2026, titled "Jindal Stainless Integrates ESG Risk Intelligence into Supplier Management, Strengthening Supply Chain Resilience". |SUBJECT: Press Release
- Jindal Stainless Limited has informed the Exchange regarding a press release dated September 07, 2026, titled "Jindal Stainless Signs Technical Assistance Agreement with Japan s JFE Steel for Ferritic Stainless Steel Grades". |SUBJECT: Press Release
- Jindal Stainless Limited has submitted the Exchange a copy of Scrutinizer's report and voting results of 46th Annual General Meeting held on September 02, 2026. |SUBJECT: Shareholders meeting
- Jindal Stainless Limited has informed the Exchange regarding Proceedings of 46th Annual General Meeting held on September 02, 2026 |SUBJECT: Shareholders meeting
- Jindal Stainless Limited has informed the Exchange about Corporate Presentation |SUBJECT: General Updates
- Jindal Stainless Limited has informed the Exchange about Schedule of meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates
- Jindal Stainless Limited has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL
- Jindal Stainless Limited has informed the Exchange regarding 'Intimation pursuant to Regulation 60 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015-Fixation of Record Date'. |SUBJECT: Updates

### Fundamentals

Jindal Stainless (NSE) reported revenue from operations of ₹11,278.54 crore for Q1 FY2026-27. This follows a reported revenue of ₹10,517.55 crore for Q3 FY2025-26 and ₹11,337.19 crore for Q4 FY2025-26. The company's operating trajectory shows fluctuations in revenue over these periods.

Further analysis of earnings quality, financial health, and key monitoring areas requires additional data points, including profitability metrics, balance sheet information, and cash flow statements.

- Revenue from operations for Q1 FY2026-27 was reported as ₹11,278.54 crore.
- Revenue from operations for Q4 FY2025-26 was reported as ₹11,337.19 crore.
- Revenue from operations for Q3 FY2025-26 was reported as ₹10,517.55 crore.

### Bull Case

The company's stock is exhibiting bullish signals on the daily and weekly technical trends, with the Supertrend indicator suggesting an upward movement. The daily trend shows a positive EMA 20 slope of 1.04 and an SMA 20 slope of 1.46, indicating recent upward momentum. On a weekly basis, the Supertrend is bullish, and the EMA 20 slope is 1.61, reinforcing the positive short-to-medium term technical outlook. Recent returns show a 4% gain in the last trading day and a 3% gain over the past month, suggesting positive short-term investor interest.

- The daily Supertrend indicator is 'bullish' as of 2026-09-18.
- The weekly Supertrend indicator is 'bullish' as of 2026-09-18.
- The stock price has shown a return of 4% in the last trading day.
- The stock price has shown a return of 3% over the past month.

- Abakkus’ playbook in focus: Seven years without an IT large cap holding and other exceptions
- India Pioneers 100% Hydrogen DRI Plant For Green Steel
- Jindal Steel Builds Worlds Longest Steel Slag Road, Sets Guinness World Record

### Bear Case

The company's monthly technical trend indicates a bearish signal, with the Supertrend indicator at 997.13 and the ADX at 39.87, suggesting a strong downward momentum over the longer term. While recent daily and weekly trends show bullish signals, the monthly outlook presents a cautionary note regarding sustained performance. The stock has experienced a year-to-date return of -12%, and its current drawdown stands at -13%, with a maximum drawdown of -26% observed historically. The annualized volatility is 34%, and the Average True Range (ATR) as a percentage of the price is 3.03%, indicating significant price fluctuations.

- Monthly Supertrend indicator is 997.13, suggesting a bearish trend over the longer term.
- Year-to-date return as of 2026-09-18 is -12%.
- Current drawdown is -13%, with a maximum drawdown of -26% observed.
- Annualized volatility is 34%, and ATR is 3.03% of the price, indicating notable price swings.

- Abakkus’ playbook in focus: Seven years without an IT large cap holding and other exceptions
- India Pioneers 100% Hydrogen DRI Plant For Green Steel
- Jindal Steel Builds Worlds Longest Steel Slag Road, Sets Guinness World Record

### FAQs

**What are Jindal Stainless Limited's recent ESG initiatives and ratings?**

Jindal Stainless Limited has integrated Environmental, Social, and Governance (ESG) risk intelligence into its supplier management using SAP Ariba Supplier Risk, moving to a digital-first model for continuous monitoring and risk scoring. Separately, on September 17, 2026, Crisil ESG Ratings & Analytics assigned the company an ESG rating of 'Crisil ESG 63' and a Core ESG rating of 'Crisil Core ESG 65'. This assessment was based on publicly available information and conducted without direct company engagement.

**How is Jindal Stainless Limited collaborating to improve its product offerings?**

On September 7, 2026, Jindal Stainless announced a Technical Assistance Agreement with Japan's JFE Steel Corporation. This collaboration aims to enhance product quality and manufacturing practices for specific ferritic stainless steel grades, with the goal of improving process efficiency and supporting growth in sectors such as automotive, infrastructure, and railways. In FY26, Jindal Stainless reported an annual turnover of ₹42,955 crore.

**What was the outcome of Jindal Stainless Limited's 46th Annual General Meeting?**

At the 46th Annual General Meeting held on September 2, 2026, shareholders approved resolutions including a final dividend of ₹3 per equity share for the financial year ended March 31, 2026. Mr. Ratan Jindal was re-appointed as Chairman & Managing Director with 93.40% shareholder support, and the remuneration for cost auditors was ratified. The meeting confirmed that all proposed resolutions passed.

**What is the current technical trend for Jindal Stainless Limited?**

As of September 18, 2026, the daily trend for Jindal Stainless Limited is indicated as bullish, with the closing price at ₹750.95 being above the 20-day Exponential Moving Average (EMA) of ₹735.5 and the 50-day EMA of ₹729.36. The Supertrend indicator is also showing a bullish signal at ₹709.53. However, the monthly trend is indicated as bearish, with the Supertrend at ₹997.13 and the closing price below this level.

- Abakkus’ playbook in focus: Seven years without an IT large cap holding and other exceptions
- India Pioneers 100% Hydrogen DRI Plant For Green Steel
- Jindal Steel Builds Worlds Longest Steel Slag Road, Sets Guinness World Record
- Jindal Stainless Limited has informed the Exchange about ESG Rating |SUBJECT: General Updates
- Jindal Stainless Limited has informed the Exchange about Schedule of meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates
- Jindal Stainless Limited has informed the Exchange regarding a press release dated September 09, 2026, titled "Jindal Stainless Integrates ESG Risk Intelligence into Supplier Management, Strengthening Supply Chain Resilience". |SUBJECT: Press Release
- Jindal Stainless Limited has informed the Exchange regarding a press release dated September 07, 2026, titled "Jindal Stainless Signs Technical Assistance Agreement with Japan s JFE Steel for Ferritic Stainless Steel Grades". |SUBJECT: Press Release
- Jindal Stainless Limited has submitted the Exchange a copy of Scrutinizer's report and voting results of 46th Annual General Meeting held on September 02, 2026. |SUBJECT: Shareholders meeting
## Technical analytics

- As of: 2026-09-18
- Daily trend: Weak Uptrend
- Weekly trend: Weak Uptrend
- Pivot point: ₹729.67
- Risk regime: Price Risk Requires Attention

### Support levels
- 730.2
- 616.7
- 593.2

### Resistance levels
- 770.3
- 791.575
- 803.575

### Return and range metrics

| Metric | Value |
| --- | --- |
| return_1 | +3.66% |
| return_10 | +1.70% |
| return_1m | +2.53% |
| return_1y | -1.48% |
| return_20 | +4.53% |
| return_3m | +6.22% |
| return_5 | -1.47% |
| return_6m | +2.20% |
| return_since_start | +7.76% |
| return_ytd | -12.04% |

### Risk and volatility metrics

| Metric | Value |
| --- | --- |
| state | elevated_risk |
| label | Price risk requires attention |
| summary | Recent drawdown or price variability is high enough to warrant closer monitoring. |
| maximum_drawdown | -26.44% |
| annualized_volatility | +33.90% |

## Quarterly financials

- Latest complete quarter: fy27_q1

## Revenue and profit dip from prior quarter’s peak, but year-on-year growth persists

In the first quarter of fiscal 2027, Jindal Stainless Ltd. reported revenue of ₹11,278.54 crore, a marginal 0.5% decline from the previous quarter’s high but 10.5% above the same quarter last year. Profit before tax fell 7.1% sequentially to ₹1,033.59 crore, while net profit dropped 7.9% to ₹768.66 crore. Both revenue and profitability remained comfortably above year-ago levels, though profit margins contracted compared with the prior quarter.

## Revenue

Revenue from operations was ₹11,278.54 crore, down ₹58.65 crore (0.5%) from the ₹11,337.19 crore recorded in the fourth quarter of fiscal 2026. The decline follows a 7.8% jump in the previous quarter and is a small pullback from the highest revenue of the five-quarter period.

Compared with the first quarter of fiscal 2026 (₹10,207.14 crore), revenue increased by ₹1,071.40 crore, or 10.5%. The current quarter’s revenue is the second-highest in the available sequence, trailing only the immediately preceding quarter.

Over the five quarters from Q1 FY2026 to Q1 FY2027, revenue showed alternating movements: it rose from Q1 to Q2, fell in Q3, surged in Q4, and then edged down in the latest quarter. The range spanned ₹10,207.14 crore to ₹11,337.19 crore. The average revenue over these five quarters was ₹10,846.64 crore, so the current quarter’s figure remains above the period’s average, indicating that the revenue level is still elevated relative to earlier quarters.

## Profitability

Profit before tax (PBT) for the quarter was ₹1,033.59 crore, a decline of ₹78.73 crore (7.1%) from ₹1,112.32 crore in the previous quarter. Year-on-year, PBT grew by ₹64.54 crore (6.7%) from ₹969.05 crore in Q1 FY2026. Net profit for the period (from continuing operations) was ₹768.66 crore, down 7.9% sequentially but up 7.6% compared with the same quarter last year.

The PBT margin (PBT as a percentage of revenue) narrowed to 9.2% from 9.8% in the prior quarter, and was also below the 9.5% margin recorded in the year-ago period. Similarly, the net profit margin contracted to 6.8% from 7.4% in Q4 FY2026 and 7.0% in Q1 FY2026. The steeper decline in profit relative to the small revenue dip indicates that the combination of costs, other income, and taxes moved unfavorably in the quarter.

The profit was derived after accounting for other income of ₹118.39 crore. Key expense items included cost of materials consumed at ₹7,860.99 crore, employee benefit expense of ₹292.61 crore, finance costs of ₹146.19 crore, and depreciation of ₹302.36 crore. A decrease in inventories of finished goods, work-in-progress, and stock-in-trade of ₹811.70 crore was recorded, which reduced total expenses. Finance costs edged down 1.8% from ₹148.80 crore in the prior quarter, but the overall profit decline suggests that other expense movements or the absence of a similar inventory credit in the previous quarter more than offset this small saving.

## Earnings per share

Basic earnings per share from continuing operations stood at ₹9.34, down from ₹10.24 in the fourth quarter of fiscal 2026 but up from ₹8.67 in the year-ago period. Diluted EPS followed the same pattern, at ₹9.32 compared with ₹10.22 and ₹8.66, respectively. Comprehensive income for the quarter was ₹766.03 crore, similarly lower than the ₹920.15 crore reported in the previous quarter but above the ₹713.57 crore of Q1 FY2026.

## Key Takeaway

Jindal Stainless’s first-quarter revenue was nearly flat compared with the prior quarter’s peak, while profit fell more noticeably. Revenue and profit both remained well above the same quarter last year. The sequential drop in profit, along with narrower margins, points to a cost and income mix that was less favorable than in the immediately preceding quarter, even after a small reduction in finance costs. Overall, the quarter represents a pause in the upward trajectory that had marked the end of fiscal 2026, with year-on-year growth still intact.

### Ratios

## Official filings

- 2026-09-18 — Press Release: Jindal Stainless Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/JSL_18092026165739_JSLSEintimation18092026sd.pdf)
- 2026-09-17 — Generic Announcement: Jindal Stainless Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/JSL_17092026172653_JSLESGRatingintimationStxIntimationsd.pdf)
- 2026-09-14 — Generic Announcement: Jindal Stainless Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/JSL_14092026172550_JSLInvestorsmeetingsonSeptember142026sd.pdf)
- 2026-09-09 — Press Release: Jindal Stainless Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/JSL_09092026115929_JSLSEintimationpressreleasesd.pdf)
- 2026-09-07 — Press Release: Jindal Stainless Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/JSL_07092026111121_JSLSEintimationpressrelease07092026sd.pdf)
- 2026-09-03 — Generic Announcement: Jindal Stainless Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/JSL_03092026173629_RESULTS.pdf)
- 2026-09-02 — Generic Announcement: Jindal Stainless Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/JSL_02092026161452_StockExchangeIntimationAGMProceedingsd.pdf)
- 2026-09-01 — Generic Announcement: Jindal Stainless Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/JSL_01092026193954_JSLCorporatePPTAug2026sd.pdf)
- 2026-08-31 — Generic Announcement: Jindal Stainless Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/JSL_31082026191957_JSLInvestorsmeetingsonSeptember32026sd.pdf)
- 2026-08-31 — Generic Announcement: Jindal Stainless Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_2156_WebXMLFile_20260831_192110929.xml)
- 2026-08-28 — Generic Announcement: Jindal Stainless Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/JSL_28082026142925_SENCDsRecordDateIntimationIDFCsd.pdf)
- 2026-08-19 — Press Release: Jindal Stainless Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/JSL_19082026155518_JSLSEpressrelease19082026sd.pdf)
- 2026-08-13 — Generic Announcement: Jindal Stainless Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/JSL_13082026190116_JSLInvestorsmeetingsonAugust62026sd.pdf)
- 2026-08-13 — Generic Announcement: Jindal Stainless Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_2156_WebXMLFile_20260813_190928566.xml)
- 2026-08-13 — Press Release: Jindal Stainless Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/JSL_13082026115417_JSLSEintimationPR13082026sd.pdf)
- 2026-08-10 — Generic Announcement: Jindal Stainless Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/JSL_10082026174641_JSLSEintimatiolettertishhsd.pdf)
- 2026-08-08 — Management Change: Jindal Stainless Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/NOTICE_OF_SHAREHOLDERS_MEETINGS_2156_WebXMLFile_20260808_211856390.xml)
- 2026-08-08 — Official Filing: Jindal Stainless Limited has fixed August 21, 2026, as the record date to determine shareholder eligibility for a final dividend of ₹3 per equity share for the financial year ended March 31, 2026. The dividend payment, subject to shareholder approval at the AGM and applicable taxes, will be made within 30 days of the AGM to eligible shareholders.
- 2026-08-08 — Generic Announcement: Jindal Stainless Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/JSL_08082026203948_JSLSEintimationIAR2526.pdf)
- 2026-08-08 — Generic Announcement: Jindal Stainless Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/JSL_08082026234113_JSLSEintimationBRSR2526sd.pdf)
- 2026-08-06 — Generic Announcement: Jindal Stainless Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/JSL_06082026204517_JSLinvestorssmeetingsonAugust62026sd.pdf)
- 2026-08-06 — Generic Announcement: Jindal Stainless Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_2156_WebXMLFile_20260806_204908587.xml)
- 2026-08-06 — Generic Announcement: Jindal Stainless Limited management will participate in investor meetings from August 11-13, 2026, including a Non-Deal Road Show in Hongkong on August 11, the Nuvama India Conference 2026 in Singapore on August 12, and the Avendus Spark INDX - Asia Edition 2026 on August 13. The schedule is subject to change. — [Official attachment](https://nsearchives.nseindia.com/corporate/JSL_06082026204313_JSLinvestorssmeetingsonAugust62026sd.pdf)
- 2026-08-06 — Generic Announcement: Jindal Stainless Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/JSL_06082026204358_JSLinvestorssmeetingsonAugust62026sd.pdf)
- 2026-08-05 — Generic Announcement: Jindal Stainless Limited will participate in an investors' meet on Monday, August 10, 2026, in a physical mode. The company's management will meet with representatives from Sumitomo Mitsui Asset Management, Invesco Asia Pacific, and Allianz Global Investors. This disclosure is made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. — [Official attachment](https://nsearchives.nseindia.com/corporate/JSL_05082026195658_JSLInvestorsmeetingsonAugust52026sd.pdf)

## News and market events

- 2026-09-18 — BUSINESS: **Indices end sideways; metal shares shine for 3rd day** — In the primary market, the NSE IPO was fully subscribed, while investors continued to track subscription trends in other ongoing issues and monitor the listing performance of recently listed companies. — [Source](https://www.business-standard.com/markets/capital-market-news/indices-end-sideways-metal-shares-shine-for-3rd-day-126091800788_1.html)
- 2026-09-17 — MONEYCONTROL: **Abakkus’ playbook in focus: Seven years without an IT large cap holding and other exceptions** — Abakkus — [Source](https://www.moneycontrol.com/news/business/markets/abakkus-playbook-in-focus-seven-years-without-an-it-large-cap-holding-and-other-exceptions-14031890.html)
- 2026-09-13 — REDIFF.COM: **India Pioneers 100% Hydrogen DRI Plant For Green Steel** — India is set to develop its first 100% hydrogen-powered Direct Reduced Iron (DRI) plant, a Rs 207-crore national pilot project led by CSIR-IMMT. This initiative aims to significantly reduce carbon emissions in the steel sector and achieve net-zero commitments, focusing on adapting the technology to India's domestic iron ore conditions. — [Source](https://www.rediff.com/business/report/csir-immt-to-lead-indias-first-100-hydrogen-dri-plant/20260913.htm)
- 2026-09-12 — NEWS.WEBINDIA123.COM: **Jindal Steel Builds Worlds Longest Steel Slag Road, Sets Guinness World Record** — Jindal Steel Limited — [Source](https://news.webindia123.com/news/articles/business/20260912/4497905.html)
- 2026-09-11 — Mint: **India is fighting CBAM. It should also help shape the rules | Mint** — A country that skips the formal consultation process does not exempt itself from the resulting rules—it simply accepts an outcome written by others. — [Source](https://www.livemint.com/opinion/online-views/european-commission-carbon-tariff-cbam-india-carbon-credit-11789097641921.html)
- 2026-09-10 — MONEYCONTROL: **Indian industry wants BRICS to ease trade barriers, payments and unlock investment** — BRICS, BRICS 2026 — [Source](https://www.moneycontrol.com/news/business/economy/indian-industry-wants-brics-to-ease-trade-barriers-payments-and-unlock-investment-14027282.html)
- 2026-09-10 — BUSINESS: **Nifty above 23,400 level; metal shares under pressure** — At 11:30 IST, the barometer index, the S&P BSE Sensex, jumped 9.12 points or 0.02% to 74,762.18. The Nifty 50 index rose 4.60 points or 0.02% to 23,437.45. — [Source](https://www.business-standard.com/markets/capital-market-news/nifty-above-23-400-level-metal-shares-under-pressure-126091000336_1.html)
- 2026-09-07 — NEWS.WEBINDIA123.COM: **Jindal Stainless signs technical assistance pact with Japans JFE Steel for ferritic steel grades** — Jindal Stainless has signed a technical assistance agreement with Japans JFE Steel Corporation to strengthen its manufacturing capabilities for selected ferritic stainless steel grades, with a focus on improving product quality, manufacturing practices and process efficiency. — [Source](https://news.webindia123.com/news/articles/business/20260907/4495838.html)
- 2026-09-07 — BUSINESS: **Nifty ends below 23,800 level; media shares under pressure** — As per provisional closing data, the S&P BSE Sensex declined 382.62 points or 0.50% to 76,132.81. The Nifty 50 index lost 118.55 points or 0.50% to 23,779.15. — [Source](https://www.business-standard.com/markets/capital-market-news/nifty-ends-below-23-800-level-media-shares-under-pressure-126090700813_1.html)
- 2026-09-07 — The Hindu: **Upstox launches US stocks investing, offers access to 8,000 stocks, 2,000 ETFs** — The offering includes stocks of major global companies such as Apple, Tesla, Amazon and Google — [Source](https://www.thehindubusinessline.com/markets/upstox-launches-us-stocks-investing-offers-access-to-8000-stocks-2000-etfs/article71438107.ece)
- 2026-09-07 — MONEYCONTROL: **Jindal Stainless taps Japan’s JFE Steel to upgrade ferritic stainless steel quality** — Jindal Stainless JFE Steel, Jindal Stainless technical agreement, ferritic stainless steel, JFE Steel Corporation, Jindal Stainless news, stainless steel manufacturing India, automotive stainless steel, railway coach steel, Abhyuday Jindal, India stainless steel industry — [Source](https://www.moneycontrol.com/news/business/jindal-stainless-taps-japan-s-jfe-steel-to-upgrade-ferritic-stainless-steel-quality-14024353.html)
- 2026-09-07 — FREEPRESSJOURNAL.IN: **Jindal Stainless Joins Hands With Japan’s JFE Steel, Eyes Major Push in Ferritic Stainless Steel Manufacturing** — Jindal Stainless has partnered with Japan’s JFE Steel to improve ferritic stainless steel quality and manufacturing capabilities amid rising global demand. — [Source](https://www.freepressjournal.in/business/jindal-stainless-joins-hands-with-japans-jfe-steel-eyes-major-push-in-ferritic-stainless-steel-manufacturing)
- 2026-09-07 — BUSINESS: **JSL signs Technical Assistance Agreement with JFE Steel Corporation, Japan** — Jindal Stainless has entered into a Technical Assistance Agreement with JFE Steel Corporation, Japan, one of the world's leading steelmakers, to strengthen its manufacturing capabilities for selected ferritic stainless steel grades. The collaboration will focus on enhancing product quality, manufacturing practices, and process efficiency through technical assistance. — [Source](https://www.business-standard.com/markets/capital-market-news/jsl-signs-technical-assistance-agreement-with-jfe-steel-corporation-japan-126090700411_1.html)
- 2026-08-16 — Economic Times: **Jindal Stainless investing Rs 900 cr to increase cold rolling capacity to 2.67 MT by FY28: MD** — Jindal Stainless plans a Rs 900 crore investment to expand its cold rolling capacity. This expansion will cater to growing demand from key industrial sectors. The company is also identifying a site for a massive Rs 40,000 crore manufacturing facility. This new plant will produce specialized steel grades for emerging strategic sectors. Jindal Stainless aims to enhance its production capabilities and market reach significantly. — [Source](https://cfo.economictimes.indiatimes.com/news/strategy-operations/jindal-stainless-investing-rs-900-cr-to-increase-cold-rolling-capacity-to-2-67-mt-by-fy28-md/133271866)
- 2026-08-16 — Economic Times: **Jindal Stainless investing Rs 900 crore to increase cold rolling capacity to 2.67 MT by FY28: MD** — Jindal Stainless plans a Rs 900 crore investment to expand its cold rolling capacity. This expansion will support rising demand from key industrial sectors. The company is also planning a significant Rs 40,000 crore manufacturing facility in Maharashtra. This new plant will produce specialized steel grades for emerging strategic sectors. Jindal Stainless reported strong financial performance and progress towards sustainability goals. — [Source](https://economictimes.indiatimes.com/industry/indl-goods/svs/steel/jindal-stainless-investing-rs-900-crore-to-increase-cold-rolling-capacity-to-2-67-mt-by-fy28-md/articleshow/133270494.cms)
- 2026-08-13 — BUSINESSTODAY: **Why Vietnam and Taiwan emerged as key steel export markets** — India steel exports,FY26 steel export data,steel production India,finished steel exports,steel export markets Vietnam Taiwan,Indian steel industry growth,steel export statistics India,net steel exporter India,steel production by state India,Indian steel companies market share — [Source](https://www.businesstoday.in/latest/economy/story/why-vietnam-and-taiwan-emerged-as-key-steel-export-markets-549052-2026-08-13)
- 2026-08-09 — MONEYCONTROL: **Jindal Stainless to identify site for Rs 40,000-cr Maharashtra project in next two quarters** — JINDAL stainless, jindal steel, jindal maharashtra — [Source](https://www.moneycontrol.com/news/business/jindal-stainless-to-identify-site-for-rs-40-000-cr-maharashtra-project-in-next-two-quarters-13998960.html)
- 2026-08-09 — Economic Times: **Jindal Stainless scouting Maharashtra site for Rs 40,000 crore plant** — Jindal Stainless is identifying a site for its proposed Rs 40,000-crore stainless steel manufacturing facility. The company expects clarity on land acquisition within one or two quarters. This new plant will have a capacity of four million tonnes per annum. It will produce specialized steel grades for emerging critical sectors. The Maharashtra government will expedite necessary approvals and provide fiscal incentives. — [Source](https://economictimes.indiatimes.com/industry/indl-goods/svs/steel/jindal-stainless-scouting-maharashtra-site-for-rs-40000-crore-plant/articleshow/133062761.cms)
- 2026-08-09 — The Hindu: **Jindal Stainless to identify site for ₹40,000-cr Maharashtra project in next two quarters** — Jindal Stainless plans a ₹40,000-crore steel facility in Maharashtra, aiming for 4 million tonnes capacity in phases. — [Source](https://www.thehindubusinessline.com/companies/jindal-stainless-to-identify-site-for-40000-cr-maharashtra-project-in-next-two-quarters/article71324185.ece)
- 2026-08-09 — FREEPRESSJOURNAL.IN: **Jindal Stainless Scouts Maharashtra Site, ₹40,000-Crore Project Takes Shape** — Jindal Stainless expects to finalise land for its Rs 40,000-crore Maharashtra plant within two quarters, paving the way for a major expansion to 7 MTPA capacity. — [Source](https://www.freepressjournal.in/business/jindal-stainless-scouts-maharashtra-site-40000-crore-project-takes-shape)
- 2026-08-05 — MONEYCONTROL: **Buy Jindal Stainless; target of Rs 821: Prabhudas Lilladher** — Prabhudas Lilladher, Jindal Stainless, buy, Recommendations — [Source](https://www.moneycontrol.com/news/business/stocks/buy-jindal-stainless-target-of-rs-821-prabhudas-lilladher-2-13994995.html)
- 2026-08-04 — CNBC-TV18: **Sensex Today | Stock Market Live Updates: Nifty Bank down 400 points; Federal Bk falls 3%** — Stock Market LIVE Updates: Today's session is not only the weekly options expiry session for the Nifty 50 contracts, but is also set to see supply of paper worth nearly ₹36,000 crore, which includes the mega LIC Offer for Sale (OFS). Earnings season is drawing to a close and therefore, companies are making a beeline to report numbers as well. Adding to that is the confusion surrounding the Closing Auction Session. Watch this space for all the LIVE stock market updates. — [Source](https://www.cnbctv18.com/market/stock-market-live-updates-sensex-nifty-50-today-banks-midcaps-lic-paytm-meesho-kalyan-arvind-bharti-bse-share-price-liveblog-19960944.htm)
- 2026-08-03 — The Hindu: **Jindal Stainless Q1 net profit rises 7.6% to ₹769 crore** — Performance underpinned by healthy demand, across key end-use sectors including mobility, infrastructure, manufacturing, and consumer sectors — [Source](https://www.thehindu.com/business/jindal-stainless-q1-net-profit-rises-76-to-769-crore/article71302037.ece)
- 2026-08-03 — CNBC-TV18: **Q1 Results LIVE Updates: GE Shipping profit jumps; DLF revenue declines 53%** — Q1 Results LIVE Updates: SBI Funds Management, Ather Energy, Inox India, IREDA, DOMS Industries, DLF, Escorts Kubota, CAMS, NOCIL, Nazara Tech, PNC Infra, Torrent Power, UPL, Restaurant Brands Asia, PNC Infra, KIMS, KEI Industries, Jindal Stainless, Ethos, GSK Pharma, Bluejet Healthcare, Kansai Nerolac, JM Financial, Kalpataru, Dhanuka Agritech, Texmaco Rail, are among the companies reporting their earnings today. Results reactions will come from stocks like ITC, Maruti Suzuki, Muthoot Finance, Dixon tech, and many others. Watch this space for all the LIVE Q1 results updates. — [Source](https://www.cnbctv18.com/market/q1-results-live-updates-maruti-sbi-mf-upl-dlf-ireda-ioc-dixon-persistent-muthoot-cams-escorts-ather-abb-divis-share-price-liveblog-19959998.htm)
- 2026-08-03 — The Hindu: **Q1 Results Today Live: UPL & Ather Energy narrows Q1 loss, Sundaram Finance, CAMS, Ethos Q1 PAT up, MobiKwik logs ₹8 cr profit, Jindal Stainless PAT dips, DLF, Torrent Power, IREDA, KEI, Inox, Nazara, KIMS, DOMS Q1 results today** — Q1 Results Today, 03rd August 2026 Live Updates: Get real-time Q1 FY27 earnings updates, profit growth, revenue numbers and management outlook — [Source](https://www.thehindubusinessline.com/markets/q1-results-today-live-updates-dlf-upl-ireda-kei-doms-industries-torrent-power-escorts-kubota-jindal-stainless-aether-energy-cams-ethos-nazara-mobikwik-results-03-august-2026/article71297478.ece)

## Business profile

**Strategic vision:** Manufactures and distributes stainless steel products globally.

### Business segments
- **Stainless Steel Manufacturing and Processing:** Operates integrated stainless steel manufacturing and processing facilities, producing slabs, blooms, coils, plates, sheets, and more.
- **Retail Stainless Steel Rebar:** Launched the 'Jindal Infinity' brand to directly target builders and consumers with corrosion-resistant stainless steel rebars.

### Competitive strengths
- Integrated stainless steel manufacturing and processing operations.
- Extensive global distribution network.
- Focus on sustainable manufacturing processes.
- Diversification into the retail market with specialized products.

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## Freshness and sources

- Data as of: 2026-09-18
- Source: Faxioms public stock analysis API

Canonical: https://faxioms.com/stocks/jsl
Markdown representation: https://faxioms.com/stocks/jsl?render=md