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23 Sep 2025, 06:15PM

1138.40

1.92%

Nomura sees good times for Indian steel players, picks JSW Steel, Jindal Steel

Economic Times

Nomura reaffirmed its bullish stance on India's steel sector, citing strong domestic demand, Chinese production cuts, and potential Beijing stimulus. It raised targets for JSW Steel (Rs 1,300) and Jindal Steel (Rs 1,150), forecasting capacity-driven growth and EBITDA expansion. Import curbs, firm demand, and improving pricing dynamics support sector outlook.

JSW Steel Ltd. has an average target of 1067.43 from 7 brokers.

JSW Steel, JSPL Price Target Raised As Nomura Sees 'Good Times Ahead'

NDTV Profit | 23 Sep 2025, 10:23AM 1 more

Tata Steel Ltd.

23 Sep 2025, 09:41AM

173.29

1.11%

Stay 'Neutral' On Tata Steel Shares Maintains Motilal Oswal Citing Growth Plans, Strong Outlook

NDTV Profit

While near-term challenges persist due to global uncertainty around tariff escalations, the long-term outlook for Tata Steel remains strong,adds the brokerage.

Tata Steel Ltd. is trading above all available SMAs

Indian Metals & Ferro Alloys Ltd.

23 Sep 2025, 08:49AM

1162.20

4.33%

IMFA Rated Buy' As Anand Rathi Initiates Coverage Check Target Price

NDTV Profit

IMFA's value-accretive diversification strategy is expected to generate Rs 300 crore in annual revenue, with an Ebitda margin of 810%, positioning the company well for sustained growth.

Indian Metals & Ferro Alloys Ltd. has gained 62.14% in the last 3 Months

Jindal Stainless Ltd.

19 Sep 2025

801.00

1.71%

Maharashtra signs MoUs worth 80,962 cr for industrial projects, 40k jobs

Business Standard

The Maharashtra government on Friday signed nine memoranda of understanding (MoUs) with various companies for a total investment of Rs 80,962 crore, officials said. The projects envisaged under these MoUs are expected to create more than 40,300 jobs, they said. The agreements were signed at the Steel Mahakumbh organised by AIFA in Goregaon, Mumbai, in the presence of Chief Minister Devendra Fadnavis, Union Minister Pralhad Joshi and state industries Minister Uday Samant. The projects will come up in Gadchiroli, Chandrapur, Nagpur, Wardha, Raigad, Chhatrapati Sambhajinagar and Satara districts, said a statement from the CM's office. Among the major investments, Rashmi Metallurgical Industries will set up an integrated steel plant in Wardha with a capital outlay of Rs 25,000 crore, which is expected to generate 12,000 jobs. In Raigad, Jindal Stainless Ltd will establish a stainless steel plant worth Rs 41,580 crore, creating around 15,500 jobs, the statement said. In Chhatrapati...

ICICI Direct increased Buy price target of Jindal Stainless Ltd. to 940.0 on 17 Sep, 2025.

Jindal Stainless Ltd.

18 Sep 2025

801.00

1.71%

Jindal Stainless expects anti-dumping duty on imports in 4-5 months

Business Line

It was delayed due to free trade deliberations among various countries

Jindal Stainless Ltd. has an average target of 802.00 from 4 brokers.

Steel Authority of India (SAIL) Ltd.

18 Sep 2025

137.30

1.34%

SAIL supplies 15,000 metric tonnes steel for Bairabi-Sairang railway line in Mizoram

Business Line

Of this, nearly 10,000 mt comprised high-grade R-260 Prime rails from SAIL's Bhilai Steel Plant, while another 5,000 mt of plates, TMT bars, and structural steel were sourced from its plants in Bokaro, Rourkela, Durgapur, Burnpur, and Bhilai.

Steel Authority of India (SAIL) Ltd. is trading above all available SMAs

VMS TMT Ltd.

17 Sep 2025

Investors subscribe to VMS TMT IPO over eight times its offer size on Day 1

Business Standard

The initial public offer of VMS TMT, a TMT bars manufacturer, has been subscribed more than 8 times on the first day of bidding on Wednesday. The three-day initial share sale received bids for 10,32,66,000 shares against 1,23,00,000 shares on offer, translating into 8.40 times subscription, according to data available with the NSE. The portion for non-institutional investors was subscribed 13.78 times, while the quota for retail individual investors got subscribed 6.56 times. The Qualified Institutional Buyers (QIBs) portion received 7.09 times subscription. VMS TMT Ltd on Tuesday raised nearly Rs 27 crore from anchor investors. The Rs 148.50-crore initial public offering (IPO) will conclude on September 19. The price band has been fixed at Rs 94-99 per share. The IPO is entirely a fresh issue of 1.50 crore equity shares. Proceeds from the fresh issue to the tune of Rs 115 crore will be used for repayment of debt and balance for general corporate purposes and issue...

Ventura released a IPO Subscribe report for VMS TMT Ltd. on 16 Sep, 2025.

Tata Steel Ltd.

17 Sep 2025

173.29

1.11%

Tata Steel, ABREL among top stocks to buy today; check key levels here

Business Standard

Tata Steel has given a breakout above its resistance zone, confirming a bullish trend, while ABREL has given a breakout from its recent rangebound movement, signaling the start of an uptrend