JSPL top steel pick yet again, SAIL’s debt clouds prospects

JSPL top steel pick yet again, SAIL’s debt clouds prospects

Mumbai: Jindal Steel and Power‘s (JSPL) strong balance sheet and prospects of a further improvement in profitability have analysts vouching for it as the steel sector‘s top pick yet again. They remain wary about state-owned peer SAIL given its high debt levels. Both the steel majors announced earnings for the June quarter last week. Most … Read more