06 Oct 2025 | 5 Mins Read
Jefferies initiates JSW Cement coverage with 23% upside
Flipitmoney
JSW Cement shares rose up to 3% to Rs 142.70, boosted by Jefferies' initiation of coverage with a target price of Rs 170 and 23% upside potential. Jefferies estimates 35% EBITDA CAGR over FY25-28 and a 17% volume CAGR, thanks to expansion into North India. JSW Cement leads India's GGBS market with an 83-84% share and benefits from consistent slag access via its parent.