JSPL: Reduction in net debt expected to drive re-rating, say analysts

摘要

It is no secret that improving demand and realisations are boosting prospects of steel players. But, for Jindal Steel & Power (JSPL), additional benefits are accruing from completed expansions and operating leverage, which along with efforts on backward integration and debt reduction are keeping sentiment firm. Not surprising, the stock, which has trebled from April lows, added 5.6 per cent on Tuesday.