23 Sep 2025 | 3 Mins Read
Nomura raises price target on top steel stocks for 16% gain
Flipitmoney
Nomura expects 25-27% EBITDA CAGR for its steel sector coverage from FY25-28F. It maintains a 'Buy' rating with higher price targets for 📌JSW Steel (₹1,300) and 📌JSPL (₹1,150), driven by capacity expansions, improved raw material integration, and cyclical recovery, supporting steady earnings growth.