Is JSW Steel Stock Good To Buy Today?

Is it good time to invest in jsw steel?

It remains positive for long term on JSW Steel Limited with a buy rating on the stock and a target price of ₹757 per share. Promoters held 44.71 per cent stake in the company as of 31-Dec-2021, while FIIs owned 11.21 per cent, DIIs 8.38 per cent.

Why is JSW Steel going down?

Steel shares fell mainly in the aftermath of Government waiving off customs duty on import of some raw materials like coking coal and ferronickel. Nifty metal index was down on Monday as shares of steel companies like tata steel and JSW Steel fell sharply during morning trade on the bourses.

What is the target price for JSW Steel?

Centrum Broking has add call on JSW Steel with a target price of Rs 625 The current market price of JSW Steel Ltd. is Rs 538.65.

Should I buy JSW stock?

It remains positive for long term on JSW Steel Limited with a BUY rating on the stock and a target price of ₹757 per share Promoters held 44.71 per cent stake in the company as of 31-Dec-2021, while FIIs owned 11.21 per cent, DIIs 8.38 per cent.

What stock should I buy today?

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What is the future of JSW share?

JSW Steel Ltd. quote is equal to 545.600 INR at 2022-06-16. Based on our forecasts, a long-term increase is expected, the “Jsw Steel Ltd” stock price prognosis for 2027-06-11 is 1431.370 INR With a 5-year investment, the revenue is expected to be around +162.35%.

Is JSW Steel overvalued?

Is JSW Steel Ltd undervalued or overvalued? The key valuation ratios of JSW Steel Ltd’s currently when compared to its past seem to suggest it is in the Fair zone.

Can we buy JSW Steel share?

You can easily buy JSW Steel shares in Groww by creating a demat account and getting the KYC documents verified online.

Are steel prices going up?

Steel prices declined at a pace of $20/ton to $25/ton per week in the last quarter of 2021 and into the new year.

What is the position of JSW Steel?

It is part of the Dow Jones Sustainability Index (DJSI) for Emerging Markets (2021) and S&P Global’s Sustainability Yearbook (consecutively for 2020 and 2021). JSW Steel is the only Indian company to be ranked among the top 15 global steel producers by World Steel Dynamics for 13 consecutive years since 2008.

Why steel stocks are falling?

According to the notification, the export duty was increased on one item while ten fresh items are being brought into the tax net. These changes are brought to ensure the local availability of steel in India. Thus the domestic prices of steel will fall because exports are discouraged.

Is Tata steel a good buy?

It has a ‘Buy’ rating on the stock with a target price of Rs 1,700 The brokerage house noted that the company’s net debt fell more than expected to Rs 51,049 crore due to better working capital management. Net-debt/EBITDA now stands at only 0.8x vs 6.1x in Mar’20.

Is jindal steel good for long term?

Production cuts in China, reduction in leverage, increasing profitability and a sharp correction in stock prices in the past three months make Indian steel stocks a good buy, according to analysts who recommend stocks such as Jindal Steel, JSW Steel, SAIL, Tata Steel and NMDC for a decent return in the mid- to long-.

Is Jindal and JSW are same?

JSW Group is an Indian multinational conglomerate, based in Mumbai. It is led by Sajjan Jindal and part of the O.P. Jindal Group The group is active in sectors such as steel, energy, minerals, ports & infrastructure, and cement, across India, the US, South America, and Africa.

Is JSW Steel debt free?

How Much Debt Does JSW Steel Carry? As you can see below, at the end of September 2021, JSW Steel had ₹709.1b of debt , up from ₹500.1b a year ago. Click the image for more detail. However, because it has a cash reserve of ₹150.1b, its net debt is less, at about ₹559.0b.