{"id":142347,"date":"2026-07-07T15:11:20","date_gmt":"2026-07-07T09:41:20","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=142347"},"modified":"2026-07-07T15:11:22","modified_gmt":"2026-07-07T09:41:22","slug":"jspl-share-price-target-citi-sell-980-valuation","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/jspl-share-price-target-citi-sell-980-valuation\/","title":{"rendered":"JSPL Share Price Target Held at Rs 980 as Citi Maintains Sell Rating on Valuation Concerns"},"content":{"rendered":"
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JSPL share price target Rs 980 as Citi maintains sell. Expects Q1 volume growth of 11% YoY but sees downside risk to FY27 sales target. Stock down 2.04% at Rs 1,037.20.<\/em><\/p>\n

The JSPL share price target<\/strong> of Rs 980 has been reiterated by Citi, which maintained its sell rating on Jindal Steel and Power<\/a>, citing downside risk to the company’s FY27 sales volume target and rich valuations even at spot EBITDA levels. Jindal Steel was quoting at Rs 1,037.20, down 2.04 percent, after touching an intraday high of Rs 1,059.10 and a low of Rs 1,035.50.<\/p>\n

Citi’s target of Rs 980 implies further downside of roughly 5.5 percent from current levels, positioning the brokerage among the more cautious voices on the stock even as the broader steel sector has shown mixed performance today.<\/p>\n

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