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JSW Steel: Is it a good time to buy this steel major?

Investors need to watch out for volume off-take for JSW Steel

May 31, 2022 / 10:18 AM IST
JSW Steel: Is it a good time to buy this steel major?

PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook

JSW Steel’s (JSW; CMP: 539; Market capitalisation: Rs: 1,30,204 crore) results were impacted by flattish realisation, higher coking coal prices, and some of the subsidiaries reporting sub-par performance quarter on quarter (QoQ). (image) (image) (image) Other key highlights Impact of duties on steel export: According to the management, the recent imposition of export duties on steel is likely to be a temporary measure to control inflation and it expects a reversal of the duties in future. The management has mentioned that domestic...

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