The Economic Times daily newspaper is available online now.

    Buy JSW Steel, target price Rs 720: JM Financial

    Synopsis

    Strong growth pipeline and increased focus on cost efficiency augurs well for the company.

    BuyETMarkets.com
    JSW Steel, incorporated in the year 1994, is a Large Cap company (having a market cap of Rs 167271.65 Crore) operating in Metals - Ferrous sector.
    JM Financial has buy call on JSW Steel with a target price of Rs 720. The current market price of JSW Steel is Rs 689.5. Time period given by analyst is 12 months when JSW Steel price can reach defined target.

    JSW Steel, incorporated in the year 1994, is a Large Cap company (having a market cap of Rs 167271.65 Crore) operating in Metals - Ferrous sector.

    JSW Steel key Products/Revenue Segments include Hot Rolled Coils/Plates/Sheets, Rolled Product, Coils (Cold Rolled), Coils & Sheets (Galvanised), Iron Ore, Billets & Blooms, Others, Other Operating Revenue, M S/S S Slabs for the year ending 31-Mar-2022.

    Financials
    For the quarter ended 31-03-2023, the company has reported a Consolidated Total Income of Rs 47427.00 Crore, up 20.61 % from last quarter Total Income of Rs 39322.00 Crore and up .63 % from last year same quarter Total Income of Rs 47128.00 Crore. Company has reported net profit after tax of Rs 3749.00 Crore in latest quarter.

    The company’s top management includes Mrs.Savitri Devi Jindal, Mr.Hiroyuki Ogawa, Ms.Fiona Jane Mary Paulus, Mrs.Nirupama Rao, Mr.Harsh Charandas Mariwala, Mr.Haigreve Khaitan, Dr.(Mrs.)Punita Kumar Sinha, Mr.Seturaman Mahalingam, Mr.Jayant Acharya, Mr.M V S Seshagiri Rao, Mr.Sajjan Jindal, Dr.M R Ravi. Company has S R B C & Co. LLP as its auditors. As on 31-03-2023, the company has a total of 242 Crore shares outstanding.

    Investment Rationale
    Strong growth pipeline and increased focus on cost efficiency augurs well for the company.

    Promoter/FII Holdings
    Promoters held 45.4 per cent stake in the company as of 31-Mar-2023, while FIIs owned 26.01 per cent, DIIs 9.47 per cent.



    (Disclaimer: Recommendations given in this section or any reports attached herein are authored by an external party. Views expressed are that of the respective authors/entities. These do not represent the views of Economic Times (ET). ET does not guarantee, vouch for, endorse any of its contents and hereby disclaims all warranties, express or implied, relating to the same. Please consult your financial adviser and seek independent advice.
    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more


    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
    The Economic Times

    Stories you might be interested in