The company had earlier said that it is capable of spending up to USD 1 billion on both capacity expansion and acquisitions, per annum.
Reliance Securities recommended hold rating on JSW Steel with a target price of Rs 282 in its research report dated November 01, 2017.
Prabhudas Lilladher is bullish on JSW Steel has recommended buy rating on the stock with a target price of Rs 290 in its research report dated October 31st , 2017
ICICI Direct is bullish on JSW Steel has recommended buy rating on the stock with a target price of Rs 295 in its research report dated November 01, 2017
JSW Steel Chairman Sajjan Jindal today said trading in shares of the listed companies referred to the National Company Law Tribunal (NCLT) should be suspended to avoid market speculations.
As against a net profit of Rs 3500 crore in FY17, the Street is expecting a net profit of close to Rs 5000 crore in FY19, which is a growth of 19.5 percent annually.
Its consolidated net profit stood at Rs 647 crore in the corresponding period last year, JSW Steel said in a statement.
Analysts expect EBITDA per tonne to spike 28.55 percent QoQ (and 13.4 percent YoY) owing to improvement in steel spreads, higher flat steel product prices & higher export realisations, decline in coking coal cost on a sequential basis.
Ashwani Gujral of ashwanigujral.com recommends buying Prestige Estates, MOIL, TVS Motor, Kotak Mahindra Bank and Bata India.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Godrej Consumer Products, JSW Steel and L&T Finance Holdings and can sell Bharti Airtel and Cummins India.
Rahul Shah of Motilal Oswal suggests buying Bajaj Auto, JSW Steel and Tata Power.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Vedanta, TVS Motor Company and NTPC and can sell Kaveri Seed Company.
Sudarshan Sukhani of s2analytics.com is of the view that one can sell Bharti Airtel, Castrol India and Aurobindo Pharma and can buy CESC, JSW Steel, Dabur India, Dewan Housing Finance, Reliance Industries and Zee Entertainment.
Ashwani Gujral of ashwanigujral.com is of the view that one can sell Infosys and buy Balkrishna Industries and JSW Steel.
Rahul Shah of Motilal Oswal recommends buying HDFC Bank, JSW Steel and Fortis Healthcare.
While the consolidation is certainly on the cards, it will be interesting to see who all bags some of these assets. With the improved outlook for steel, sellers are gaining bargaining power.
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According to the regulator, one investor complaint was pending against JSW Steel as on March 25, 2015 relating to non-receipt of shares after transfer.
"The noticee (JSW Steel), being a listed company failed to redress the complaint satisfactorily even after repeated complaints by the complainant for the same complaint," the Securities and Exchange Board of India (Sebi) said in an order.
Ashwani Gujral of ashwanigujral.com is of the view that one can sell JSW Steel and Wockhardt and buy Thomas Cook.
Sudarshan Sukhani of s2analytics.com suggests buying Tech Mahindra, JSW Steel and SREI Infra and advises selling Sun TV Network and Dr Reddy’s Laboratories.
The private steel maker had earlier tried to acquire the mill in 2014, when it was known as Lucchini. The Algerian conglomerate Cevital however acquired Lucchini and renamed the it Acciaierie e Ferriere di Piombino (Aferpi).
Sandeep Wagle of powermywealth.com recommends buying JSW Steel and Maruti Suzuki.
Ashwani Gujral of ashwanigujral.com is of the view that one can sell Ceat and buy JSW Steel and Cadila Healthcare.
CNBC-TV18’s Nigel D'souza is in conversation with JSW Steel's Joint MD & Group CFO Seshagiri Rao on the side-lines of the Centrum Symposium on steel. Internationally steel prices went up further therefore there is a scope for Indian steel prices to go up, he said.