JSW Steel shares rise 2% on strong Q1 earnings
after close1 source ↓written by the desknot a recommendation
- after reporting
- 2%
- sell shares worth
- ₹811 cr
- target price
- ₹1,650
Shares of JSW Steel rose over 2% after reporting a net profit of ₹4,696 cr for Q1 FY27, up from ₹2,209 cr YoY, driven by improved realizations and lower finance costs. The board approved participation in the upcoming IPO of JSW One Platforms Ltd, planning to sell shares worth ₹811 cr. This positive sentiment is supported by Jefferies maintaining a buy rating with a target price of ₹1,650.
Not investment advice. For informational purposes only.