Stocks To Buy: Four key reasons why Goldman Sachs sees this Jindal Group stock rising 38%
Goldman Sachs expects Jindal Stainless to strengthen its global position through capacity expansion. Following the ramp-up of its 1.2 mtpa stainless steel plant in Indonesia, a joint venture with China's Tsingshan Group, and the proposed 4 mtpa greenfield project in Maharashtra, the company is expected to control 8.2 mtpa of stainless steel melt capacity, making it the second-largest stainless steel producer globally.
Goldman Sachs expects Jindal Stainless to strengthen its global position through capacity expansion. Following the ramp-up of its 1.2 mtpa stainless steel plant in Indonesia, a joint venture with China's Tsingshan Group, and the proposed 4 mtpa greenfield project in Maharashtra, the company is expected to control 8.2 mtpa of stainless steel melt capacity, making it the second-largest stainless steel producer globally.
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