Get App
Last Updated : Feb 12, 2019 01:52 PM IST | Source:

Buy JSW Steel; target of Rs 360: Prabhudas Lilladher

Prabhudas Lilladher is bullish on JSW Steel has recommended buy rating on the stock with a target price of Rs 360 in its research report dated February 06, 2019.

Broker Research @moneycontrolcom
  • bselive
  • nselive
Todays L/H

Prabhudas Lilladher's research report on JSW Steel

JSW Steel (JSTL) reported Q3FY19 earnings in line with our expectations. Due to tepid exports (down 70% YoY), overall sales volume fell 7.3% YoY/7.1% QoQ to 3.68mn (PLe:3.95mn) tonnes (t). Share of exports fell to 10% against 30%/17% in Q3FY18/Q2FY19. However, weaker than expected volumes were offset by better than expected realisations and lower costs.


However, aggressive acquisition strategy (both domestic and overseas) could delay the stock returns in the near term. Maintain BUY with TP of Rs360, EV/EBITDA of 6x FY20e.

For all recommendations report, click here

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

First Published on Feb 12, 2019 01:52 pm
More From
Follow us on
Available On
PCI DSS Compliant