JINDALSTEL

P/E: 17
ROCE: 14.2%
Company has delivered good profit growth of 44.7% CAGR over last 5 years.
Net Profit worth Rs. 1,390-/ Cr in Sep 2023

Given Strong Breakout on Daily Time frame with Head & Shoulder Contribution Pattern. Strong Volume Buildup.

Entry: 728
Target: 765, 835 ++
Stop Loss: 675 DCB

Dip Level buying was: 662 with Targets: 741, 821, 901, 981. 581 DCB SL.

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