Muted steel prices a near-term headwind; higher capacity and robust domestic demand to drive long-te

Company
16 Sep 2024
5 Min read 
  • Alok Deora Sonu Upadhyay recommends buying JSW Steel shares at INR 955 with a target price of INR 1100, indicating a 15% increase.
  •  JSW Steel's financial snapshot shows a steady increase in sales and EBITDA margin over the years.
  •  The company's capacity expansion is on track, and it aims to capitalize on emerging opportunities.
  •  Weakening metal prices could pose a near-term headwind, but long-term growth is expected due to robust domestic demand and capacity expansion.
  •  JSW Steel aims to maintain a share of VAP above 50% post the ongoing expansions.
  •  The company is on track to achieve its target of 50 MTPA capacity by FY31.
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