Aditya Welekar, Senior Research Analyst at Axis Securities, believes the bid for Thyssenkrupp’s European steel business by Naveen Jindal’s private firm will have a limited, short-term sentimental impact on the listed Jindal Steel. He acknowledged the acquisition’s complexity and high cost, particularly the transition to green steel. However, Welekar remains confident in the listed entity’s strong fundamentals and growth trajectory, suggesting long-term investors need not be concerned about the promoter’s ambitious move.
