- Below expectation Q4 results for JSL due to nickel prices. Expected to recover in coming qtrs.
- Expecting 20% volume growth for FY25
- Confident on domestic demand (8-10% growth) but US,EU demand is still not recovered to full
- EBITDA per tonne target for FY25 is around ₹18,000-20,000 (FY24 ₹18,558)
Interesting price movement post results today: Stock opened at 615 with a big gapdown but recovered fully within the day and closing above last day’s price. (11% recovery intraday)
Does this mean market is bullish and confident on JSL?