Shares of JTL Industries are rising while Axis Securities is giving a buy rating
This company says that JTL Industries can register a 70 percent sales growth in the structural pipe market over the next seven years.
Shares of JTL Industries are rising while Axis Securities is giving a buy rating
Shares of JTL Industries Limited rose 3.35 percent to hit an intraday high of Rs 255.90 on Monday i.e. January 15. The counter had closed at Rs 247.60 in the last trading session. The stock's 52-week high of JTL Industries Limited, which manufactures steel and zinc pipes, is Rs 267, while its 52-week low is Rs 142.
Shares of JTL Industries, which has a market capitalization of around Rs 4,320 crore, have given investors a return of 11 per cent in the last month, a return of 45 per cent in the last six months and a return of 65 per cent in the last year.
Meanwhile, Axis Securities has given a buy call to JTL Industries with a target of Rs 300.
The promoter's stake in JTL Industries stands at about 56 percent, while the stake of foreign investors is 1.62 percent and that of private investors is 41.5 percent.
JTL Industries has two manufacturing units in Punjab and Maharashtra. Equity research experts have said that JTL Industries' target price could reach Rs 300 in a few days.
This company says that JTL Industries can register a 70 percent sales growth in the structural pipe market over the next seven years.
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