Tue, Nov 05, 2024
In India, the company's production fell by 2 per cent to 21.99 LT in October from 22.36 LT in October 2023.
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Sun, Oct 06, 2024
Hindalco Industries and JSW Steel will be vying for state-owned Hindustan Copper Ltd's two copper mines in Jharkhand, sources said.
Fri, Sep 20, 2024
Metal Stocks To Buy: Global brokerage Macquarie is bullish on several metal stocks and has maintained 'Outperform' and raised the target price.
Fri, May 07, 2021
JSW Steel share price: Kotak Institutional Equities says that JSW Steel, the fastest compounding Indian metal stock, is in a sweet spot amid India’s growing steel deficit. It has brownfield, high IRR, growth opportunities; multiple cost savings and downstream projects should increase its sustainable EBITDA/ton by 50%. With sector-leading RoEs, a strong growth pipeline and peak debt behind, the compounding should accelerate
Thu, Apr 29, 2021
Mon, Apr 12, 2021
The markets recorded a massive fall today as India recorded a massive surge of 1.69 lakh COVID-19 cases in the last 24 hours following which curbs were imposed in different parts of the country to contain the spread of the virus.
Tue, Apr 06, 2021
Top Stocks to Buy - Infosys, Dr Lal Pathlabs, JSW Steel and Ramco Cement were among the top trending stocks on the BSE today. The stocks achieved their 52-week highs on Tuesday. Technical Analyst Nilesh Jain Assistant Vice President (AVP), Equity Research Technical and Derivatives at Centrum Broking gives an insight on what lies ahead for these stocks and recommends what to do with them
Mon, Apr 05, 2021
Motilal Oswal has raised its FY22-23E EPS for JSW Steel by 42-48% to factor in improved Steel price outlook and accretion from the acquired assets of Bhushan Power and Steel (BPSL). Motilal Oswal has reiterated a Buy on JSW Steel as the best play on volume growth in the Indian Steel sector. Over FY21-23E, Motilal Oswal estimates 16% volume CAGR (excluding BPSL), which should drive 22%/37% EBITDA/EPS CAGR
Thu, Apr 01, 2021
The Indian benchmark indices were trading in the green on Thursday’s noon trade. Today is the first trading session of the financial year 2021-22 (FY22).
Tue, Mar 30, 2021
The metal index turned out to be a showstopper in today’s rally on the exchanges. The index outperforming both benchmark indices ahead of monthly production data rose around 3 per cent.
Fri, Mar 26, 2021
JSW Steel’s valuation of 6.5x its FY2023E EV/EBITDA seems reasonable, given our expectation of strong 15% PAT CAGR over FY2021E-FY2023E, improving RoE to 16.8% by FY20223E and likely balance sheet deleveraging. Also, sustained high profitability would result in early turnaround of loss-making overseas subsidiaries
Tue, Feb 09, 2021
Extending their winning run for the seventh consecutive session, the Indian benchmark indices scaled fresh lifetime highs in Tuesday's noon deals. At, 12:18 pm, the S&P BSE Sensex was up 371.69 points or 0.72% at 51,720.46 levels and the Nifty50 hit the 15,200-mark and was trading 107.90 points or 0.71% up at15,223.70.
Wed, Jan 27, 2021
CGS-CIMB highlights that the stock valuations are now at the higher levels and it has downgraded the sector's rating to underweight. Tata Steel and JSW Steel are trading near all-time high EV/EBITDA valuations. This becomes even starker if CGS-CIMB accounts for steel prices likely falling in coming months. Thus, CGS-CIMB downgrades rating on the sector to Underweight (from Overweight) and to Reduce on Tata Steel and JSW Steel (from Add).
Mon, Jan 25, 2021
JSW Steel maintains Buy on JSW Steel with an unchanged price target of Rs 432. JSW Steel Q3 FY21 consolidated adjusted EBITDA at Rs 5946 crore (up 137.7% yoy; up 42% qoq) was 10% above Sharekhan’s estimate of Rs 5405 cr.
Fri, Jan 22, 2021
Market analyst Vikas Sethi on Thursday spoke to Zee Business Managing Editor Anil Singhvi and recommended two stocks that could generate good returns for investors -RCF and JSW Steel.
Mon, Dec 14, 2020
CLSA expects domestic steel prices to remain resilient in the near term as the domestic demand uptick adds to the above themes. However, CLSA expects prices to cool off and spreads to moderate over the course of 2021. The demand outlook in China following Chinese New Year will be a key item to monitor. CLSA forecasts FY22 spreads to be higher YoY but to be lower than spot. In a rising commodity price environment CLSA prefers Tata Steel (BUY) on its better margin outlook.
Mon, Oct 26, 2020
JSW Steel’s Q2 FY21 results were impressive as consolidated EBITDA grew 85% YoY to Rs 42.5 bn, beating estimates by 24%.
Wed, Aug 19, 2020
Stocks To Buy: Market Analyst Vikas Sethi today said that the markets have been witnessing an excellent momentum and are currently reacting to the news related to the judgement in the Adjusted Gross Revenue (AGR) issue.
Mon, Feb 17, 2020
The National Company Law Appellate Tribunal has allowed JSW Steel to acquire of Bhushan Power & Steel Ltd for Rs 19,700 crore.
Wed, Dec 18, 2019
The BSE Sensex closed 206 points higher at 41,558 after making its all-time high of 41,614.77. The 50 stocks Nifty closed 59 points higher at 12,224 after making its life-time high of 12,237.70. Bank Nifty soared 104 points and closed at 32,244 levels.
Fri, Jul 05, 2019
Now is the right time to place good bets in Nifty Metal, as the Budget for fiscal FY20 will be presented by Finance Minister Nirmala Sitharaman today.
Mon, Jun 24, 2019
The BSE Sensex lost 71 but retained the psychologival 39,000 levels by closing at 39,122 while the 50-stock Nifty went down 24 points to 11,699 levels. The index Bank Nifty went down 26 points and closed at 30,602 levels.
Wed, May 29, 2019
The BSE Sensex lost 247 points and closed at 39,502 levels while the 50-stock Nifty went down 67 points and closed at 11,861 levels.
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