Buy JSW Steel, target price Rs 1,230: ICICI Securities
buy call on JSW Steel with a target price of Rs 1230. The current market price of JSW Steel Ltd. is Rs 1058.95. JSW Steel, incorporated in 1994, is a Large Cap company with a market cap of Rs 258851.30 crore, operating in Metals — Ferrous sector.
JSW Steel Ltd. key Products/Revenue Segments include Hot Rolled Coils/Plates/Sheets, Rolled Product, Coils (Cold Rolled), Coils & Sheets (Galvanised), Iron Ore, Others, Billets & Blooms, Other Operating Revenue, Color Coated Coil/Sheets, M S/S S Slabs for the year ending 31-Mar-2024.
Financials For the quarter ended 31-12-2024, the company has reported a Consolidated Total Income of Rs 41,525 crore, up 4.24% from last quarter Total Income of Rs 39,837 crore and down -1.45% from last year same quarter Total Income of Rs 42,134.00 crore. The company has reported net profit after tax of Rs 713.00 crore in the latest quarter.
The company's top management includes Mrs.Savitri Devi Jindal, Mr.Hiroyuki Ogawa, Ms.Fiona Jane Mary Paulus, Mr.Marcel Fasswald, Mrs.Nirupama Rao, Mr.Haigreve Khaitan, Mr.Seturaman Mahalingam, Mr.Gajraj Singh Rathore, Mr.Jayant Acharya, Mr.Sajjan Jindal, Dr.B C Sateesha. Company has S R B C & Co. LLP as its auditors. As on 31-12-2024, the company has a total of 245 Crore shares outstanding.
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Investment Rationale
DGTR has recommended safeguard measures, which are fair-trade measures unlike anti-dumping or countervailing measures as they are solely for the purpose of supporting the domestic industry as an interim mechanism and the proposed
