GENERAL9 Sept 2026
'Buy' Jain Resource Recycling for 25% upside, says ICICI Securities; check share price target | Stock Market News
On September 9, Jain Resource Recycling’s share price dipped slightly to close at ₹295.70. ICICI Securities started coverage with a ‘Buy’ rating and a ₹350 target, suggesting nearly 25% upside. The company is moving from a volume-led recycler to a copper-focused, multi-metal platform. According to the brokerage, its copper division will drive future earnings growth. Investors should weigh analyst views and seek certified financial advice before acting.
Key Statutory Highlights
- ICICI Securities initiated coverage on Jain Resource Recycling with a 'Buy' rating and a target price of ₹350 per share.
- The stock closed 0.32% lower at ₹295.70 on BSE on September 9, with a market capitalisation of ₹10,204.19 crore.
- The brokerage expects the copper division to be the key growth driver, forecasting a 23% volume CAGR from FY26 to FY29.
Actionable Advice for Taxpayers / Founders:Before acting on this or any stock tip, consult a certified financial expert, as the views are those of the brokerage, not TaxQue.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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