172@29@17@142!~!172@29@0@53!~!|news|business|stocks|buy-jsw-steel-target-of-rs-242-motilal-oswal-2-5604731.html!~!|controller|infinite_scroll_article.php
Moneycontrol
Financial Freedom Offer: Subscribe to Moneycontrol Pro and grab benefits worth ₹15,000/-
Last Updated : Jul 28, 2020 12:06 PM IST | Source: Moneycontrol.com

Buy JSW Steel ; target of Rs 242: Motilal Oswal

Motilal Oswal is bullish on JSW Steel recommended buy rating on the stock with a target price of Rs 242 in its research report dated July 25, 2020.

Broker Research @moneycontrolcom
 
 
live
  • bselive
  • nselive
Volume
Todays L/H
More

Motilal Oswal 's research report on JSW Steel


JSW Steel’s (JSTL) 1QFY21 results reflect the adverse impact of COVID-19 on steel demand and prices as consol. EBITDA declined 55% QoQ to INR13.4b. We expect an increase in domestic steel prices, supported by improving domestic demand and international prices which should improve margins in 2QFY21. We maintain our FY21E/FY22E estimates. Maintain Buy.


Outlook


We value JSTL at 7.0x FY22E EV/EBITDA to arrive at TP of INR242/share. Maintain Buy.





For all recommendations report, click here

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

First Published on Jul 28, 2020 12:05 pm
Sections