Jindal Stainless Limited will engage with investors through a virtual meeting scheduled for June 19, 2026. The company’s management is set to participate in this session to discuss business developments and performance with 360 One, as per a regulatory filing.

The interaction is part of the company’s ongoing investor relations activities. The meeting will be conducted virtually, allowing for remote participation. The schedule is subject to change based on exigencies faced by either the investor or the company.

The intimation was submitted to the exchanges in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Navneet Raghuvanshi, Head-Legal, Company Secretary & Compliance Officer, signed the disclosure on behalf of Jindal Stainless Limited.

Investor Meet Schedule

Jindal Stainless has received a reiterated Buy recommendation from Investec, with the brokerage maintaining a target price of ₹825 on the stock. This endorsement comes despite the company's shares having witnessed a 23% correction over the past six months, a decline attributed primarily to investor concerns surrounding capital expenditure plans and gas-related disruptions affecting the broader stainless steel sector.

Brokerage Stance and Key Highlights

Investec's maintained Buy rating reflects confidence in Jindal Stainless's underlying business strength. The brokerage's assessment is anchored in several key observations about the company's recent operational and financial performance. The following table summarises the key parameters of Investec's rating:

Operational Resilience Amid Gas Disruptions

A central element of Investec's positive outlook is Jindal Stainless's effective management of gas-related disruptions. According to the brokerage, these disruptions have had a limited impact on both production volumes and spreads, underscoring the company's operational resilience. This ability to navigate sector-level headwinds without significant damage to core metrics has been flagged as a distinguishing factor in the company's performance.

Strong First-Half Execution and Guidance Potential

Investec also pointed to strong execution in the first half as a key positive, noting that this performance supports the potential for guidance upgrades going forward. The robust first-half results indicate that the company has been able to maintain operational momentum despite the challenging external environment, reinforcing the brokerage's conviction in the Buy rating.

Disciplined Capital Allocation and Deleveraging

The brokerage highlighted Jindal Stainless's disciplined approach to capital allocation as another pillar of its investment thesis. Key aspects of this strategy include:

• A focus on deleveraging the balance sheet
• A RoCE-focused capex strategy, ensuring that capital expenditure is directed towards projects that enhance return on capital employed
• A measured approach that addresses market concerns around aggressive spending

This capital discipline is seen as a critical factor in sustaining long-term value creation, even as the company continues to invest in capacity and capabilities.

Summary

Investec's maintained Buy rating on Jindal Stainless with a target price of ₹825 reflects the brokerage's view that the recent 23% six-month stock correction presents an opportunity grounded in strong fundamentals. The company's limited operational disruption from gas-related issues, solid first-half execution, and a disciplined, RoCE-focused capital allocation framework collectively underpin the positive assessment.