JSW Steel Share price: Sharekhan maintains Buy on JSW Steel with a price target of Rs 432
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.
Domestic steel prices are expected to remain range bound in the near term and could probably moderate as long steel product price has declined recently due to increase in supplies: Reuters