Jindal Steel & Power Shares Tumble 14% — Here’s What Triggered The Fall

In reaction to the weak set of Q3 earnings, some brokerages changed their rating on the stock and reduced their target prices.

ICICI Securities downgraded the stock to a ‘hold’ from a ‘buy’ previously, and cut the stock’s target price steeply from Rs 1,215 to Rs 870 per share.

While Nuvama…