On Wednesday, Jindal Stainless (NSE: JIST ) (JDSL:IN) received a positive outlook from Jefferies, as the firm began covering the stock with a Buy rating and set a price target of INR800.00. The research firm highlighted Jindal Stainless's leading position in the rapidly expanding Indian stainless steel market, noting its lower EBITDA per ton volatility and a stronger balance sheet compared to its peers in the Indian carbon steel sector.