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Monday's top brokerage calls on JSW Steel
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Monday's top brokerage calls on JSW Steel
Jul 24, 2022 11:11 PM

Nomura on JSW Steel | Nomura maintains 'reduce' on the shares of JSW Steel with a target price of Rs 548. As per the brokerage house, reversal of export duty can change the situation of the company.

JPMorgan on JSW Steel | JPMorgan maintains 'neutral' on the shares of JSW Steel with a target price of Rs 610. The brokerage house says margin should improve from the second quarter.

Citi on JSW Steel | Citi maintains 'neutral' on the shares of JSW Steel with a target price of Rs 600. The brokerage house says that any positive news flow from China would drive the stock.

CLSA on JSW Steel | CLSA maintains 'sell' on the shares of JSW Steel with a target price of Rs 500. CLSA notes that the company's EBITDA (earnings before interest, taxes, depreciation, and amortisation) are below expectations due to several one-off provisions.

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