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Jindal Stainless shares slump 4% after Nuvama slashes target price on margin pressure, but retains buy rating
Jindal Stainless shares fell 4.3% after Nuvama cut its target price, citing weak exports and high imports impacting profitability. The company delayed its Jajpur expansion, while analysts remain optimistic despite a 28% correction. Near-term challenges persist, but long-term growth prospects remain intact.
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