Buy JTL Industries, target price Rs 111: Axis Securities

Axis Securities gives JTL Industries a buy rating with a target price of Rs 111, a 10% upside. JTL Industries, a small-cap steel tube manufacturer, plans to expand its capacity to 1 MTPA by FY25 and 2 MTPA by FY27. The company reported a slight decline in total income and a net profit of Rs 26.