BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Target Hit|| Long (1Y)
Religare maintains sell on JSW Steel
JSW Steel reported better than estimated earnings for Q4. But lower raw material cost has limited leg now. Current valuation at 6.1 times FY18 estimated EV/EBITDA is expensive, though we drive comfort from the strong volume guidance for FY17. Revise target price on the stock to Rs 1,140 from Rs 1,040 earlier.