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JSW Steel: Buy JSW Steel, target price Rs 816: Motilal Oswal


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Motilal Oswal has buy call on JSW Steel with a target price of Rs 816.0. The current market price of JSW Steel is Rs 676.8.
JSW Steel Ltd, incorporated in the year 1994, is a Large Cap company with a market cap of Rs 167875.96 Crore, operating in Metals - Ferrous sector.
JSW Steel s key Products/Revenue Segments include Hot Rolled Coils/Plates/Sheets, Rolled Product, Coils (Cold Rolled), Others, Coils & Sheets (Galvanised), Other Operating Revenue, Billets & Blooms, M S/S S Slabs for the year ending 31-Mar-2020.
Investment Rationale
Motilal Oswal said strong project pipeline to drive growth for the company. Motilal said, it likes JSW Steel given its strong project pipeline and cost reduction initiatives, which should support margin. Over FY21-23E, Motilal expects the above industry s 17 per cent volume CAGR, driven by the Dolvi expansion. ....

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Metal Stocks Today: Metal Stocks Rally Amid Jump In Commodity Prices


Metal stocks today: Nifty Metal was up 3.56per cent at 4,345.45 points.
Shares prices of metal stocks such as SAIL, Jindal Steel, Hindalco, JSW Steel, Tata Steel rallied on Tuesday, April 13, after a jump in commodity prices. Steel Authority of India or SAIL gained more than six per cent, while Jindal Steel gained more than five per cent, in the session today. Among sectoral indices, Nifty Metal was up 3.56 per cent at 4,345.45 points. On Tuesday, SAIL opened on the NSE at Rs 85.35, touching an intra day high of Rs 89.45 and an intra day low of Rs 85.35 in the session so far. ....

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JSW Steel hits new high on hope of strong recovery in operating performance


Shares of JSW Steel, on Thursday, rose 5 per cent and hit a new high of Rs 490.95 on the BSE in intra-day trade after credit ratings agency Moody s Investors Service changed the outlook on all ratings of the company’s instruments to stable from negative , led by strong recovery in operating performance.
Moody’s, on Wednesday, has affirmed the JSW Steel’s Ba2 corporate family rating (CFR) and the Ba2 rating on the senior unsecured notes issued by the steel major. The rating agency also affirmed the Ba2 rating on the senior unsecured notes guaranteed by JSW and issued by its wholly owned indirect subsidiary, Periama Holdings. ....

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Coal sector vital in achieving $5T Indian economy; Nifty Metal soars 1.4%; State-run Coal India, NALCO leads


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