Daily BriefsIndia

India: Jindal Steel & Power, Angel Broking and more

In today’s briefing:

  • Pick of the Week – Jindal Steel & Power Limited
  • Non-leveraged financials (Q3FY22 Results Preview): Strong earnings traction across most segments

Pick of the Week – Jindal Steel & Power Limited

By Edelweiss

Jindal Steel and Power Limited is an India-based steel producer.

Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Non-leveraged financials (Q3FY22 Results Preview): Strong earnings traction across most segments

By HDFC Securities

Brokers – growth expected to moderate: Despite healthy consolidation seen in index levels in Q3FY22, cash ADTVs (ex-prop) were sequentially flat whereas growth in derivatives ADTVs (ex-prop) continued unabated at 22% (estimated). A buoyant market for primary issuances resulted in an impressive pace of new investor additions at 7mn in the first 2 months of Q3 (H1FY22: 15mn). Despite flattish volume in the cash segment, delivery volume has increased; this, coupled with healthy derivates volume, is expected to boost broking revenues.

Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

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