Despite inflationary input cost pressures, the company is expected to benefit from both, rising prices and a steady demand for steel. We feel JSW Steel is strategically placed to benefit from the current trends in the marketplace and poised to deliver robust performance in the coming quarters. We hereby upgrade our rating to BUY with revised target price of Rs. 803 based on 6.5x FY23E EV/EBITDA. Robust topline performance on price hikes Consolidated revenue surged 68.7% YoY to Rs. 32,503cr (+12.5% QoQ), supported by...