Jindal Stainless Ltd Share Price – NSE /  BSE

Steel, Small Cap

Jindal Stainless announced that the Annual General Meeting (AGM) of the company will be held on 10 September 2024.

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Jindal Stainless announced that the Annual General Meeting (AGM) of the company will be held on 10 September 2024.

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Jindal Stainless Ltd is up for a third straight session today. The stock is quoting at Rs 690, up 1.28% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.45% on the day, quoting at 24237.9. The Sensex is at 79322.94, down 0.41%. Jindal Stainless Ltd has slipped around 12.6% in last one month.

Meanwhile, Nifty Metal index of which Jindal Stainless Ltd is a constituent, has slipped around 7.13% in last one month and is currently quoting at 9106.25, down 0.77% on the day. The volume in the stock stood at 5.64 lakh shares today, compared to the daily average of 10.67 lakh shares in last one month.

The PE of the stock is 23.22 based on TTM earnings ending June 24.

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Jindal Stainless has been accredited by BrahMos Aerospace as a qualified vendor for the manufacturing and supply of steel sheets and plates from its Hisar plant in Haryana. This approval comes after a stringent quality and credentials audit conducted by BrahMos to enlist Jindal Stainless, Hisar, as a supplier for its cruise missiles.

This accreditation highlights Jindal Stainless' commitment to excellence and innovation in producing high-quality materials essential for national security. Jindal Stainless, Hisar, will manufacture and supply customised stainless steel and speciality low-alloy steel sheets and plates that meet the technical requirements of BrahMos Aerospace. Previously, Jindal Stainless has supplied materials for key projects under the DRDO and ISRO, including India's lunar mission Chandrayaan, PSLV, GSLV Mk3, nuclear submarine missile system, missile canisters for various missile programmes, and exhaust units in rockets. The company is dedicated to meeting the material requirements of upcoming missile programmes.

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