Jindal Steel is among India’s top steel producers. They make various products like rails, bars, and coils. The Indian Railways use many of their rail products. Jindal exports 35% of its goods and sells 65% within the country. Most of their products, around 75%, are used in construction and infrastructure. Other sectors utilizing their goods are general engineering (13%), railroads (5%), automobiles (4%), and capital goods (3%). Since becoming a public company in 1999, Jindal Steel’s stock has surged by over 27,000%. However, for seven to eight years, its performance was poor with the stock plummeting over 90%. Yet recently, it has shown improvement and positivity. The stock now shows a long-term upward trend and is expected to reach its highest point soon. Analysts predict significant growth ahead for Jindal Steel in the next decade or so. This forecast can provide insight into how much the company’s stock price might increase in the coming years.
Jindal Steel Share Price Target in the Next 1, 3, 5, 7, and 10 Years
Period
Share Price Target 1
Share Price Target 2
1 Year
₹1,270.42
₹1,363.62
2 Years
₹1,409.03
₹1,549.31
3 Years
₹1,544.00
₹1,771.12
4 Years
₹1,683.06
₹2,015.51
5 Years
₹1,785.15
₹2,185.54
6 Years
₹1,929.65
₹2,420.76
7 Years
₹2,065.93
₹2,642.61
8 Years
₹2,202.58
₹2,865.08
9 Years
₹2,338.86
₹3,086.93
10 Years
₹2,475.14
₹3,308.78
Regarding Jindal Steel’s projected stock price target, it is expected to rise to ₹1,363.62 within the next year. Its value can rise to ₹2,185.54 if we project the next five years based on the current environment, and to ₹3,308.78 if we project the next ten years.
It is likely that the share market’s current trend will continue into the future. By the end of 2024, the company’s stock price can reach ₹1,310.96 per share, despite some volatility.
