JSW Steel Q2 earnings beat estimates. Should you buy, sell or hold the stock?
JSW Steel share price was trading flat on Monday's session following the company's Q2 results, which surpassed street's expectations. JSW Steel topline increased by 6.72% and the profit came in at ₹2760 crore.
JSW Steel had declared a loss of ₹848 crore in the previous fiscal year same period. As compared to the previous quarter, the revenue grew by 5.62%.
JSW Steel share price today opened at intraday high of ₹774.95 apiece on BSE. According to technical analysts, no major traction was seen, but prices have been under a bit pressure following the broader market weakness, at current levels.
Analysts see it in a no trading zone, however in case prices dips towards 750 that would be a buying opportunity whereas around 800 one should look to book longs. "Exciting news! Mint is now on WhatsApp Channels
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