Tata Steel, Coal India, SAIL, NMDC: JPMorgan revises target prices for metals & mining stocks; double downgrades NMDC
Metals and Mining stocks in India: According to the analysts at JPMorgan, ongoing expansions from JSW Steel and Tata Steel should be value-accretive, yielding a mid-term internal rate of returns (lRRs) ahead of the cost of capital.
JSW Steel share price target: JPMorgan has upgraded JSW Steel to overweight from neutral. The brokerage has raised the target to Rs 980 from Rs 730. Image: Freepik/ Representational Image