If its bid is successful, Liberty House will invest USD 10 billion in India over five years
Ashwani Gujral of ashwanigujral.com recommends selling Bank of Baroda, Canara Bank and JSW Steel.
Sudarshan Sukhani of s2analytics.com is of the view that one can sell L&T, ICICI Bank, Bharti Airtel, Capital First and HPCL and can buy JSW Steel and Escorts.
VK Sharma of HDFC Securities is of the view that one can buy JSW Steel 310 Call and Tata Communications 640 Call.
The crude steel production was at 1.36 million tonnes in the same month last year, JSW Steel said in a filing to BSE.
While ArcelorMittal has publicly denied interest in Bhushan Steel, industry people think otherwise.
Yogesh Mehta, Associate Vice President- PCG Advisory Equities at Motilal Oswal recommends buying JSW Steel, Bharat Electronics and Titan Company.
Bids will be forwarded to the Committee of Creditors, who will take a final call
JSW Steel, Tata Steel and a consortium of Bhushan Steel's employees, possibly backed by a Singapore-based fund, have put in bids for the troubled steel maker.
The company said it's on track to meet its guidance on sales and will achieve the 15.5 million tons target by the end of this year
As per initial plans, JFE Steel will keep over 50 per cent stake in the business and the rest will be divided between JSW Steel and Piramal Enterprises, the source said.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy Ashok Leyland, NMDC and JSW Steel.
Private sector JSW Steel has reported its highest-ever quarterly crude steel production in the October-December quarter of this fiscal at 4.11 million tonnes (MT).
Goldman expects JSW's dividend payout to remain stable at 15 percent over the medium term.
Although things look good for the next 2-3 months for the steel industry, the scenario for next year is not that bullish, said Rakesh Arora, Managing Partner, Go India Advisors.
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.