JSW Steel share price soars nearly 10% in Today’s session, remains TOP Gainer on Nifty
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
Kotak says that China has announced a long-awaited decision to withdraw export rebates on major finished steel products and cut import duty on various semi-finished, crude and scrap steel: Reuters