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Jindal Steel surges over 6%; brokerages bullish

Jindal Steel surges over 6%; brokerages bullish

Friday, March 10, 2017, 4:18 PM

Shares of Jindal Steel and Power advanced as much as 6.55% in early trade on Friday, after Citigroup raised its target price to Rs 200 from Rs 140 earlier; citing operational capacity, has potential to generate higher EBITDA. Domestic brokerage house Edelweiss Securities also upgraded JSPL with ‘Buy’ rating and raised the target price to Rs 160 from Rs 97 earlier.
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