Profit

BSE Code: | NSE Code: | ISIN: | Sector:

NSE
335.45
Change Change %
-9.15 -2.66%

Updated:16 Nov, 2018, 14:24 PM IST

BSE
333.75
Change Change %
-10.40 -3.02%

Updated:16 Nov, 2018, 14:52 PM IST

Research Report Detail

Brokerage
Analyst
Report Date Call Price@Call Target Price
Stop Loss
Current Status Time Horizon
Religare
N/A
19-05-2016 Sell 1337.65 1140.00
N/A
Target Hit Long (1Y)
19-05-2017

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.

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