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Jindal Stainless has informed the exchanges that one of its promoters cumulatively acquired ~19 lakh shares

ICICIdirect Research 11 Sep 2026 DISCLAIMER

News: Jindal Stainless has informed the exchanges that one of its promoters cumulatively acquired ~19 lakh shares, amounting to ~₹142 crore, through open-market purchases during 3rd–4th Sep’26. Following the transaction, the promoter’s shareholding increased from 62.04% to 62.12%.

View: We view the development as positive, as the promoter’s stake increase through open-market purchases indicates continued confidence in the company’s long-term growth prospects. We maintain a positive view on Jindal Stainless, supported by its capacity expansion, favourable domestic demand and increasing focus on value-added stainless-steel products.

Impact: Positive

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